In a key consolidation move in the cooperative banking sector, the Reserve Bank of India has approved the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank.
The merger, sanctioned under the provisions of the Banking Regulation Act, 1949, will come into effect from May 4, 2026. Following the integration, all branches of Bhavani Sahakari Bank will operate as branches of TJSB Sahakari Bank.
This move is seen as part of the RBI’s ongoing efforts to strengthen the cooperative banking system through consolidation and improved financial stability. The amalgamation is expected to enhance operational efficiency, expand customer reach, and provide stronger banking services under a more robust institutional framework.
For customers of Bhavani Sahakari Bank, the transition will be seamless, with uninterrupted access to banking services under the TJSB network from the effective date.
