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RBI tightens norms for re-appointment of directors on UCB boards

The Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Following this, a mandatory three-year cooling-off period is required before re-appointment. This measure aims to prevent directors from circumventing tenure limits. The new directions are effective immediately, ensuring better governance in these financial institutions.

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economictimes.indiatimes.com

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economictimes.indiatimes.comStai leggendo17 h fa

RBI tightens norms for re-appointment of directors on UCB boards

The RBI has amended its governance rules for Urban Co-operative Banks (UCBs), capping continuous board tenure at 10 years and mandating a minimum 3-year cooling-off period before re-appointment, effective immediately. The move targets a documented pattern of directors circumventing statutory limits via brief resignations, signaling tighter regulatory scrutiny on cooperative bank governance that compliance and risk officers should factor into board succession planning.

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thehindubusinessline.com19 h fa

RBI mandates 3-year cooling-off period for co-operative bank directors

RBI has tightened governance norms for co-operative banks by introducing a mandatory 3-year cooling-off period for directors after a 10-year tenure.

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lunedì 25 maggio 2026·thehindubusinessline.com
RBI mandates 3-year cooling-off period for co-operative bank directors
RBI has tightened governance norms for co-operative banks by introducing a mandatory 3-year cooling-off period for directors after a 10-year tenure.
lunedì 25 maggio 2026·economictimes.indiatimes.com
RBI tightens norms for re-appointment of directors on UCB boards
The Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Following this, a mandatory three-year…