The Reserve Bank of India (RBI) has approved the re-appointment of Dilip Dighe as Managing Director of the Maharashtra State Co-operative Bank (MSC Bank), Mumbai, for a further term of two years with effect from July 1, 2026.
The approval, conveyed through an RBI communication under the provisions of the Banking Regulation Act, 1949, reflects confidence in Dighe’s leadership and contribution to the cooperative banking sector.
A seasoned cooperative banker, Dighe has been associated with MSC Bank for several years and has held key positions within the institution, including Deputy CEO, before taking charge as Managing Director. He has led the bank as MD for the past four years.
The announcement was welcomed across the cooperative banking fraternity.
Soon after news of the RBI approval became public, congratulatory messages began pouring in from Managing Directors and Chief Executive Officers of State Cooperative Banks across the country.
Senior executives from the Andhra Pradesh State Cooperative Bank, Telangana State Cooperative Apex Bank, Kerala State Cooperative Bank, Tripura State Cooperative Bank and several other state cooperative banks extended their best wishes to Dighe on his continued leadership of one of India’s largest and most influential cooperative banks.
