Cooperative Bank become to turn into a multi-state scheduled bank

The Surat People’s Cooperative Bank, first bank of South Gujarat, has become a multi-state scheduled bank by taking over Mumbai-based Sanmitra Cooperative Bank.

The Reserve Bank of India (RBI) has approved the merger of Sanmitra Cooperative Bank with it. The bank started its 30th branch out of Surat post merger at Goregaon in Mumbai

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