REGULATING CO-OPERATIVE BANKING Banner Image

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 The Mekhar Urban Co-op Bank Ltd., Mekhar with Nagpur Nagarik Sahakari Bank Ltd., Nagpur ()
Date : Apr 23, 2026
RBI approves the voluntary amalgamation of The Mekhar Urban Co-op Bank Ltd., Mekhar with Nagpur Nagarik Sahakari Bank Ltd., Nagpur

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 The Mekhar Urban Co-op Bank Ltd., Mekhar with Nagpur Nagarik Sahakari Bank Ltd., Nagpur. The Scheme will come into effect from April 24, 2026 (Friday). All the branches of The Mekhar Urban Co-op Bank Ltd will function as branches of Nagpur Nagarik Sahakari Bank Ltd., Nagpur with effect from April 24, 2026.

(Brij Raj)           
Chief General Manager

Press Release: 2026-2027/131

Archives