RBI Includes ‘Vishweshwar Sahakari Bank Ltd., Pune’ in the List of Scheduled Banks

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  • Last Updated on 29 May, 2025

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Vishweshwar Sahakari Bank scheduled status

Circular No. RBI/2025-26/41 DoR.RET.REC.21/12.07.160/2025-26; Dated: 27.05.2025

1. Regulatory Snapshot

The Reserve Bank of India (RBI) has, by Notification DoR.REG./LIC.No.S75/08.27.300/2025-26 dated 7 April 2025 and published in the Gazette of India on 9 May 2025, placed Vishweshwar Sahakari Bank Ltd., Pune in Schedule II of the RBI Act, 1934. The inclusion is made under the powers granted to the RBI by section 42(6)(a) of the Act.

2. Compliance & Prudential Requirements

  1. CRR Maintenance – A percentile of demand and time liabilities must now be kept with RBI in the form of cash balances.
  2. Reporting Frequency – Weekly Form-A returns on liabilities and assets, plus monthly off-site returns.
  3. Capital Adequacy & Exposure Norms – Must continue to meet the UCB-specific Basel-III–aligned requirements already notified by RBI.
  4. Priority-Sector Lending – Obligations remain (per UCB framework), but scheduled status improves scope for refinance through NABARD, SIDBI, etc.

3. Strategic Advantages for Vishweshwar Sahakari Bank

  • Lower-Cost Funding – Access to RBI’s overnight and term liquidity windows reduces reliance on costlier inter-bank borrowings.
  • Broader Business Lines – May now participate in central-government and state-government business where “scheduled bank” status is prerequisite.
  • Enhanced Brand Confidence – Listing in Schedule II is perceived by customers as validation of regulatory soundness, aiding CASA mobilisation.
  • Participation in Clearing Houses – Automatic membership (or easier admission) to RBI-managed clearing and settlement systems.

4. Next Steps for the Bank

  1. Treasury Setup – Establish a dedicated desk for CRR/SLR management and RBI market operations.
  2. System Upgrades – Align core banking and MIS to generate Form-A, Section-42 returns automatically.
  3. Public Communication – Highlight scheduled status in marketing to attract deposits and institutional tie-ups.
  4. Governance Reinforcement – Strengthen ALM and risk-management committees to meet higher regulatory expectations.
Click Here To Read The Full Circular

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied