India, June 16 -- The Reserve Bank of India has approved the voluntary amalgamation of The Dhinoj Nagrik Sahakari Bank Ltd., Dhinoj, Gujarat with Akhand Anand Co-operative Bank Ltd., Surat, Gujarat.
Acting under sub-section (4) of Section 44A, read with Section 56 of the Banking Regulation Act, 1949, the RBI has sanctioned the merger scheme, which will take effect from Monday, June 16, 2025.
Following the merger, all branches of The Dhinoj Nagrik Sahakari Bank Ltd. will operate as branches of Akhand Anand Co-operative Bank Ltd.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....