Kapol Co-op Bank moves towards merger with Cosmos Co-op Bank

Mumbai-based Kapol Co-operative Bank has taken its first step towards an amalgamation with Pune-based Cosmos Co-operative Bank. The special general body meeting of Kapol unanimously voted on the resolution "to consider and approve merger of the bank with Cosmos Co-operative Bank Ltd. Kapol was placed under Directions by the RBI with effect from March 30, 2017.