The Reserve Bank of India (RBI) has withdrawn the SAF restrictions earlier imposed on Indrayani Cooperative Bank Ltd, Pimpri, Pune, which had been under SAF for the past five years.
Indrayani Cooperative Bank had been placed under SAF restrictions via an RBI letter dated June 9, 2020, after breaching the Net Non-Performing Asset (NNPA) ratio threshold, which stood at 7.68%.
However, based on its improved financials as of March 31, 2025, and full compliance with PCA risk thresholds, the RBI has now lifted those restrictions with effect from the close of business on July 2, 2025.
In its July 2, 2025 communication, the RBI cited a circular that replaced the SAF with the PCA Framework, effective April 1, 2025, to strengthen regulatory oversight and financial discipline among UCBs.
