Kerala government is shortly going to constitute an expert committee for merging the Kerala State Cooperative Bank with the 14 Cooperative Banks for the formation of Kerala Cooperative Bank.
The committee will soon go into the matter and present its report.
The government’s intention to set up a Kerala Cooperative Bank was mentioned in the governor’s address in June and in the budget speech in July.
The committee will analyze the proposed structural changes, prepare a detailed scheme for merger incorporating the assets and liabilities of different banks, to review the human resource and prepare a scheme for cadre merger and suggest scope for new technology adoption.