Bank Merger News : The Reserve Bank of India (RBI) has recently announced the final approval for merging four significant cooperative banks in Gujarat, effective from today, December 15, 2025. This strategic move aims to strengthen the cooperative banking sector in the region by transforming these banks into two more robust entities.
Bank Merger News : Merger completed under two schemes
Under the first merger scheme, The Amod Nagrik Cooperative Bank has officially merged with The Bhuj Mercantile Cooperative Bank, headquartered in Ahmedabad. As of today, all branches of The Amod Nagrik Cooperative Bank will be operating as branches of The Bhuj Mercantile Cooperative Bank. This merger is executed under Section 44A of the Banking Regulation Act, which allows for voluntary mergers between banks.
In the second major merger scheme, the Amarnath Cooperative Bank has merged with Kalupur Commercial Cooperative Bank. Following this merger, all branches of Amarnath Cooperative Bank will commence operations as branches of Kalupur Commercial Cooperative Bank.
What will happen to customers’ deposited money?
With the RBI’s approval of this merger, many customers are understandably concerned about the safety of their deposits. However, the RBI has provided assurance to customers, stating that this merger will not negatively impact existing account holders. Banking services will continue seamlessly, and all customer deposits will remain secure.
In summary, the merger of these cooperative banks represents a significant development in Gujarat’s banking landscape, ensuring stronger financial institutions while safeguarding consumer interests.
Frequently Asked Questions
What does the bank merger mean for customers?
The merger aims to strengthen the banking sector, ensuring that customers continue to receive top-quality services without disruption. Their deposits will remain safe and secure.
When did the merger of these banks take effect?
The merger took effect on December 15, 2025, marking a new chapter for the involved banks.
Will branches remain open after the merger?
Yes, all branches will continue to operate but will now be under the umbrella of the merged banks, maintaining service continuity.
Are there any changes to banking services after the merger?
There will be no immediate changes to banking services, as operations will continue as usual following the merger.
What is the reason behind this merger?
The merger aims to enhance the strength and operational efficiency of cooperative banks in Gujarat, benefiting both the banks and their customers.
