REGULATING CO-OPERATIVE BANKING

This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country's financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.

Press Release


PDF - RBI approves the voluntary amalgamation of Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat with Akhand Anand Co-operative Bank Ltd., Surat, Gujarat ()
Date : Mar 20, 2026
RBI approves the voluntary amalgamation of Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat with Akhand Anand Co-operative Bank Ltd., Surat, Gujarat

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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