Reserve Bank of India – Press Releases

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Shree Sharada Sahakari Bank Ltd, Pune (Maharashtra) with The Cosmos Co-operative Bank Ltd., Pune (Maharashtra). The Scheme has been sanctioned in train of the powers beneath the provisions of Section 44A learn with Section 56 of the Banking Regulation Act, 1949 as amended vide the Banking Regulation (Amendment) Act, 2020 (39 of 2020). The Scheme will come into drive with impact from October 30, 2022. All the branches of Shree Sharada Sahakari Bank Ltd, Pune (Maharashtra) will perform as branches of The Cosmos Co-operative Bank Ltd., Pune (Maharashtra) with impact from October 30, 2022.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/1108