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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) Press Release: 2026-2027/131 |
