M&A

M&A

RBI approves merger of Navanirman Co-op Urban Bank with Rajadhani Co-op Urban Bank

Business Line  

The Reserve Bank of India (RBI) has approved the merger between Navanirman Co-operative Urban Bank Ltd and Rajadhani Co-op Urban Bank Ltd. Both banks are Hyderabad-based. The branches of Navanirman Co-operative Urban Bank will now function as branches of Rajadhani Co-op. Urban Bank.