RBI approved the merger of Rajapur Cooperative Bank Limited with Malad Cooperative Bank Limited.

Banking & Finance

The Reserve Bank of India (RBI) has approved the amalgamation of Rajapur Sahakari Bank Ltd with Malad Sahakari Bank Ltd. The decision was taken to strengthen the financial position of both cooperative banks, ensuring better service and stability for their customers. The merger is expected to enhance operational efficiency and improve banking facilities. With this approval, all assets, liabilities, and operations of Rajapur Sahakari Bank will be transferred to Malad Sahakari Bank. Customers of both banks are assured that their deposits and accounts will remain secure, with no interruption to services during the transition process.


      This merger aims to enhance customer trust and strengthen the cooperative banking sector in Maharashtra.

     

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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