RBI Approves Merger of 4 Gujarat Co-op Banks; Two to Disappear by 2025

• The Reserve Bank of India (RBI) has approved the merger of four cooperative banks in Gujarat.
• The Amod Nagarik Co-operative Bank Limited will merge with The Bhuj Mercantile Co-operative Bank Limited.
• Amarnath Co-operative Bank Limited will merge with Kalupur Commercial Co-operative Bank Limited.
• These voluntary mergers will be effective from December 15, 2025, reducing four banks to two.
• The objective is to enhance stability in the cooperative banking sector.

Why It Matters: RBI's approval for four Gujarat co-op bank mergers aims to strengthen the banking sector by 2025.