The Reserve Bank of India (RBI) has approved two voluntary amalgamations involving urban co-operative banks in Gujarat, strengthening consolidation in the cooperative banking sector.
In the first case, the RBI has 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 has been granted under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The amalgamation will come into effect from December 15, 2025 (Monday). Following the merger, all branches of the Amod Nagric Co-operative Bank Ltd. will function as branches of The Bhuj Mercantile Co-operative Bank Ltd.
In a separate approval, the RBI has sanctioned the voluntary amalgamation of Amarnath Co-operative Bank Ltd., Ahmedabad, with The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad, under the same statutory provisions.
This scheme will also come into force from December 15, 2025. Consequently, all branches of Amarnath Co-operative Bank Ltd. will operate as branches of The Kalupur Commercial Co-operative Bank Ltd.
These amalgamations are part of RBI’s ongoing efforts to strengthen the financial health, governance, and operational efficiency of urban co-operative banks. The consolidations are expected to ensure greater stability, improved service delivery, and enhanced protection of depositors’ interests in the cooperative banking system.