RBI removes Maharashtra minister Babasaheb Patil from Latur cooperative bank board
Published · Updated
AI-generated summary of the coverage listed below: The Reserve Bank of India removed Maharashtra NCP minister Babasaheb Patil from the board of the Latur District Central Cooperative Bank on 1 August 2025. The action followed the 2025 amendment to the Banking Regulation Act, which bars directors who have served ten years or more from continuing in office. Patil’s removal underscores the RBI’s enforcement of the new tenure limits across cooperative banks. QUOTE: "RBI removes Maharashtra NCP minister Babasaheb Patil from the Latur District Central Cooperative Bank’s board over an alleged breach of the 10-year tenure limit." — Hindustan Times
Covered by 4 outlets across the spectrum: 0% left, 50% center, 50% right.
Who is covering this story
- Center (2): Hindustan Times, Mid-Day
- Right-leaning (1): Deccan Chronicle
Sources
- RBI Removes Maharashtra Minister Babasaheb Patil From Latur Bank Board — Deccan Chronicle (right-leaning)
- RBI Removes Minister Patil From Latur Bank Board — Deccan Chronicle (right-leaning)
- RBI removes Maharashtra minister Babasaheb Patil from Latur cooperative bank board — Hindustan Times (center)
- RBI orders removal of Babasaheb Patil, 7 others from Latur DCC Bank board — Mid-Day (center)