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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 Mattancherry Mahajanik Co-operative Urban Bank Ltd, Cochin, Kerala with The Peoples’ Urban Co-operative Bank Ltd., Tripunithura, Kerala. The Scheme will come into force with effect from April 27, 2026 (Monday). All the branches of The Mattancherry Mahajanik Co-operative Urban Bank Ltd, Cochin, Kerala, will function as branches of The Peoples’ Urban Co-operative Bank Ltd., Tripunithura, Kerala with effect from April 27, 2026. (Brij Raj) Press Release: 2026-2027/142 |
