M&A M&A
RBI approves two voluntary urban co-operative bank mergers
The Reserve Bank of India (RBI) has approved two voluntary amalgamations in the urban co-operative bank (UCB) space -- The Citizen Co-operative Bank (Vasco-De-Gama, Goa) with TJSB Sahakari Bank (Thane, Maharashtra) and Pune Commercial Co-operative Bank (Satara, Maharashtra) with Pimpri Chinchwad Sahakari Bank (Pune, Maharashtra).