RBI approves amalgamation of two Gujarat based Co-Operative Banks


The Scheme of Amalgamation of The Dhinoj Nagrik Sahakari Bank Ltd., Dhinoj, Gujarat, with Akhand Anand Co-operative Bank Ltd., Surat, Gujarat, has been approved by the Reserve Bank of India in the exercise of the authority granted by sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949.


The plan is scheduled to go into effect on Monday, June 16, 2025. Effective June 16, 2025, all Dhinoj Nagrik Sahakari Bank Ltd. branches in Dhinoj, Gujarat, will operate as branches of Akhand Anand Co-operative Bank Ltd. in Surat, Gujarat.


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