RESERVE BANK OF INDIA (URBAN CO-OPERATIVE BANKS - CONCURRENT AUDIT) DIRECTIONS, 2026TABLE OF CONTENTS

MUMBAI, India, July 31 -- Reserve Bank of India issued the following notification:

RBI/DoS/2026-27/436

DoS.CO.ARG.30/08.91.021/2026-27

July 31, 2026

Reserve Bank of India (Urban Co-operative Banks - Concurrent Audit) Directions, 2026

Table of Contents Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Governance and Oversight A. Role of the Board of Directors Chapter III - Guidelines for Concurrent Audit System A. Scope of Concurrent Audit B. Coverage of Business / Branches C. Types of Activities to be Covered D. Appointment and Remuneration of Concurrent Auditor E. Reporting System F. Other Instructions G. Conclusion Chapter IV - Repeal and Other Provisions A. Repeal and Saving B. App...