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The Reserve Bank of India (RBI) has approved the voluntary amalgamation of two co-operative banks in Gujarat, according to separate notifications issued on December 12, 2025.
In the first instance, the RBI sanctioned the Scheme of Amalgamation of The Amod Nagric Co-operative Bank Ltd., Amod, with The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad. The approval was granted under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The scheme will come into effect from December 15, 2025.
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Following the merger, all branches of The Amod Nagric Co-operative Bank will operate as branches of The Bhuj Mercantile Co-operative Bank from the effective date.
In a separate order, the RBI approved the voluntary amalgamation of Amarnath Co-operative Bank Ltd., Ahmedabad, with The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad, under the same provisions of the Banking Regulation Act.
This scheme will also take effect from December 15, 2025. Upon implementation, all branches of Amarnath Co-operative Bank will function as branches of The Kalupur Commercial Co-operative Bank.
Both amalgamations have received regulatory sanction from the RBI and will be implemented simultaneously from December 15, 2025.
ALSO READ | SBI reduces fixed deposit interest rates on select longer tenures
In the first instance, the RBI sanctioned the Scheme of Amalgamation of The Amod Nagric Co-operative Bank Ltd., Amod, with The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad. The approval was granted under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The scheme will come into effect from December 15, 2025.
ALSO READ | SBI reduces fixed deposit interest rates on select longer tenures
Following the merger, all branches of The Amod Nagric Co-operative Bank will operate as branches of The Bhuj Mercantile Co-operative Bank from the effective date.
In a separate order, the RBI approved the voluntary amalgamation of Amarnath Co-operative Bank Ltd., Ahmedabad, with The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad, under the same provisions of the Banking Regulation Act.
This scheme will also take effect from December 15, 2025. Upon implementation, all branches of Amarnath Co-operative Bank will function as branches of The Kalupur Commercial Co-operative Bank.
Both amalgamations have received regulatory sanction from the RBI and will be implemented simultaneously from December 15, 2025.
ALSO READ | SBI reduces fixed deposit interest rates on select longer tenures
