Bank Merger: The RBI has approved two bank mergers in Gujarat. Both mergers became effective on December 15, 2025. See which banks are involved.

Bank Merger: The Reserve Bank of India (RBI) has approved the merger of four banks in Gujarat. After the merger, two banks will remain. The merger was approved through separate notifications. Both mergers were approved under the provisions of the Banking Regulation Act, 1949, and will be effective December 15, 2025.

Big Bank Merger News
In the first case, RBI has approved the scheme of merger of The Amod Nagric Co-operative Bank Ltd., Ahmedabad with The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad. This approval has been given under sub-section 4 of Section 44A read with Section 56 of the Banking Regulation Act, 1949. After the implementation of this scheme, all the branches of The Amod Nagric Co-operative Bank will function as branches of The Bhuj Mercantile Co-operative Bank with effect from December 15, 2025.

Merger of these two banks also approved

 In a separate order, RBI has also approved the voluntary merger of Ahmedabad-based Amarnath Co-operative Bank Ltd., Ahmedabad with The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad. This approval has also been given under the same provisions of the Banking Regulation Act. Under this plan, the merger will also take effect on December 15, 2025. After the second merger is implemented, all branches of Amarnath Cooperative Bank will operate as branches of The Kalupur Commercial Cooperative Bank. Both mergers have received regulatory approval and will be implemented on the same date. According to a notification issued by the RBI, both mergers are voluntary and are being done with the consent of the respective banks. These decisions will bring about structural changes in Gujarat's cooperative banking sector. From December 15, 2025, all branches of these banks will begin operating under the new system.

 PC: CNBCTV18