Notification F. No. CO.DOR.RAUG.No.S 9213/07-12-000/2025-2026, Dated 12.03.2026
The Reserve Bank of India (RBI) has notified the inclusion of Mizoram Co-operative Apex Bank Limited in the Second Schedule to the Reserve Bank of India Act, 1934.
1. Statutory Basis
- The inclusion has been made under Section 42 of the RBI Act, 1934
- This provision empowers RBI to classify eligible banks as scheduled banks
2. Status as a Scheduled Bank
- With this notification, the bank is now classified as a Scheduled Bank
3. Implications of Scheduled Status
Being a scheduled bank enables:
- Access to liquidity facilities from RBI
- Participation in interbank and clearing systems
- Enhanced credibility and trust in the banking system
4. Conclusion
The inclusion strengthens the bank’s position within the formal banking framework, enhancing its operational capabilities, regulatory standing, and access to RBI support mechanisms.
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