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The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat with Akhand Anand Co-operative Bank Ltd., Surat, Gujarat. The Scheme will come into effect from March 23, 2026 (Monday). All the branches of Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat will function as branches of Akhand Anand Co-operative Bank Ltd., Surat, Gujarat with effect from March 23, 2026. (Brij Raj)
Chief General Manager Press Release: 2025-2026/2297 |
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