RBI orders removal of Maharashtra minister Babasaheb Patil, seven Latur bank directors

Economic Times - Sep 19, 2026

RBI has ordered the removal of Maharashtra Cooperation Minister Babasaheb Patil and seven other directors from Latur District Central Cooperative Bank for exceeding the 10-year tenure limit under banking law. The action followed a Bombay High Court direction to RBI to decide a complaint against the directors.

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