RBI approves amalgamation of Navanirman Co-op Urban Bank with Rajadhani Co-op Urban Bank
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Navanirman Co-operative Urban Bank Ltd with Rajadhani Co-op. Urban Bank Ltd. Both urban co-operative banks are Hyderabad-based.
The branch of The Navanirman Co-operative Urban Bank Ltd will function as a branch of Rajadhani Co-op. Urban Bank Ltd with effect from August 03, 2023, per a RBI statement.