Press Releases - Regulating Co-operative Banking - ఆర్బిఐ - Reserve Bank of India
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The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of New India Co-operative Bank Ltd., Mumbai with Saraswat Co-operative Bank Ltd., Mumbai. The Scheme will come into force with effect from August 04, 2025 (Monday). All the branches of New India Co-operative Bank Ltd., Mumbai will function as branches of Saraswat Co-operative Bank Ltd., Mumbai with effect from August 04, 2025.
The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of New India Co-operative Bank Ltd., Mumbai with Saraswat Co-operative Bank Ltd., Mumbai. The Scheme will come into force with effect from August 04, 2025 (Monday). All the branches of New India Co-operative Bank Ltd., Mumbai will function as branches of Saraswat Co-operative Bank Ltd., Mumbai with effect from August 04, 2025.
పేజీ చివరిగా అప్డేట్ చేయబడిన తేదీ: ఆగస్టు 01, 2025