India, Aug. 4 -- The Reserve Bank of India has approved the voluntary amalgamation of New India Co-operative Bank Ltd., Mumbai, with Saraswat Co-operative Bank Ltd., Mumbai.
Exercising its powers under the Banking Regulation Act, 1949, the RBI sanctioned the merger scheme, which takes effect from August 4, 2025.
Consequently, all branches of New India Co-operative Bank will operate as branches of Saraswat Co-operative Bank from the same date.
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