M&A

M&A

Cosmos Coop Bank merges Sahebrao Deshmukh Co-op Bank with itself

Business Standard  

Pune-based Cosmos Coop Bank has merged Mumbai-based Sahebrao Deshmukh Co-operative Bank (SDC Bank) with itself. With this, Cosmos has added 11 branches to its network – 10 in Mumbai and one in Satara. Now, Cosmos would have 170 branches in seven states across India. In May 2023, it merged Maratha Co-op Bank with itself. Till now it has acquired 18 small UCBs.