The draft amendments seek to introduce a mandatory minimum cooling-off period of three years for directors of co-operative banks after completion of the maximum permissible continuous tenure of ten years. A director who has completed ten years of continuous tenure on the board, shall be eligible for re-appointment to the board of the same bank only after undergoing a minimum cooling-off period of three years. During the cooling-off period, the director shall not be associated with the concerned bank in any capacity other than as a member or customer. However, this restriction will not preclude appointment as a director on the board of another bank.
(Link: Press Release RBI Draft Amendment Directions Dated 08/01/2026)
(Link: For Urban Coop Banks RBI Draft Amendment Directions Dated 08/01/2026)
(Link: For Rural Coop Banks RBI Draft Amendment Directions Dated 08/01/2026)