New NABARD Grade A 2024 Results out!! Register here for a free live workshop on Feb 26, 2025 at 5 PM. Only on Zoom.

    Question

    Which of the following entities has been approved by the

    RBI for a merger effective January 6, 2025?
    A National Cooperative Bank and Bank of Maharashtra Correct Answer Incorrect Answer
    B National Cooperative Bank and Cosmos Cooperative Bank Correct Answer Incorrect Answer
    C Maratha Sahakari Bank and Cosmos Cooperative Bank Correct Answer Incorrect Answer
    D National Cooperative Bank and Punjab National Bank Correct Answer Incorrect Answer
    E Sahebrao Deshmukh Sahakari Bank and Bank of India Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has approved the merger of National Cooperative Bank with Cosmos Cooperative Bank, effective from January 6, 2025. This is part of the ongoing consolidation in the cooperative banking sector.

    Practice Next

    Relevant for Exams: