RBI lifts all restrictions on Pune Cooperative Bank.
Regular banking operations resume after nearly two years.
Administrators confident of stronger financial recovery.
Pune, 17 October 2025: The Reserve Bank of India (RBI) has lifted all limitations placed on Pune Cooperative Bank, enabling the bank to return to normal operations. This information was confirmed by Pragati Wable, the chairperson of the bank's administrator board, and the Deputy Registrar of Cooperative Societies.
The administrative board of the bank includes Pandurang Raut, Adv. Vikas Raskar, Bhalchandra Kulkarni, Rahul Parkhe, and Neha Kedari. This board was established last year to oversee the bank's operations. Cooperative Commissioner Deepak Tavare recently emphasized the need to restart the bank's regular services during a task force meeting with the RBI.
In March 2023, Pune Cooperative Bank faced restrictions that stopped it from taking deposits or granting loans. Now that these limitations have been removed, the bank has resumed all its banking operations, which has increased confidence in its financial stability, according to officials.
Founded in 2003 by the late former MP L.S. Anna Joshi, Pune Cooperative Bank runs two branches in Pune, located in Hadapsar and Baner. The bank has deposits total ₹9.5 crore and loans amounting to ₹5.5 crore.
CEO Narayan Waikar stated that the board of administrators, which includes seasoned experts from the sugar, banking, cooperative, and agricultural industries, has successfully secured approximately ₹2 crore in capital from new members. Additionally, better recovery of outstanding dues has enhanced the bank's net worth, along with advancements in other performance metrics.
With the resumption of all banking operations, officials expressed optimism about the bank’s financial stability and growth in the near future.
