That’s a 68% improvement. What changed? Behind the numbers: Maharashtra alone had 10 of those 27 still restricted banks; more than any other state. And here’s the kicker; over Rs 18,900 crore in deposit insurance claims settled till March 2026, with Maharashtra claiming Rs 12,160 crore of that. Why does this matter to you? Because your hard-earned savings in local co-op banks are now under tighter RBI scrutiny. Capital adequacy violations? Only 3 Tier-3 banks failed this in 2026. That’s progress. And the RBI didn’t just warn; they removed directors, fined banks, and used Prompt Corrective Action to fix rot. If you’re eyeing a government bank job, especially in supervision or compliance; this is where the future is. Co-op banks are being forced to clean up; and that means more roles, more oversight, and way less risk for depositors. The quiet revolution in India’s banking backbone is already underway.