Co-operative Bank
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RBI Approves Merger of Maratha Co-op Bank with Cosmos Co-op Bank
The Reserve Bank of India (RBI) has granted approval for the voluntary Scheme of Amalgamation of Maratha Sahakari Bank with The Cosmos Co-operative Bank. The merger is set to take effect from May 29, 2023, as announced by the RBI....
Published On May 27th, 2023 -
RBI scraps licence of MP-based Garha Co-operative Bank
RBI scraps licence of MP-based Garha Co-operative Bank The Reserve Bank of India (RBI) due to insufficient capital and earning potential revoked the licence of Madhya Pradesh's Garha Co-operative Bank, Guna. According to a statement from the RBI, approximately 98.4%...
Published On February 21st, 2023 -
RBI cancels the licence of Nashik’s Independence Co-operative Bank Limited
The Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd., Nashik, Maharashtra w.e.f February 03, 2022. The major reason for the cancellation of the license by RBI is that bank does not have adequate capital and...
Published On February 4th, 2022
