Bank Merger Update: Four Cooperative Banks Consolidated into Two New Entities

In separate notifications, RBI has sanctioned the merger of The Amod Nagrik Co-operative Bank Ltd (Amod) into The Bhuj Mercantile Co-operative Bank Ltd (Ahmedabad), and Amarnath Co-operative Bank Ltd (Ahmedabad) into Kalupur Commercial Co-operative Bank Ltd (Ahmedabad). Both amalgamations became effective 15 December 2025, with all assets, liabilities and employees transferring to the acquiring banks.​

For customers, existing deposits and loan contracts remain valid, but operational changes will roll out gradually. Industry guidance suggests account numbers may be realigned, IFSC codes updated and new cheque books, debit cards and passbooks issued as IT systems are integrated over the coming months. Customers are advised to watch official SMS, email and branch notices instead of rushing to make changes.​

Key highlights

Four cooperative banks merged into two: Amod Nagrik with Bhuj Mercantile; Amarnath with Kalupur Commercial.​

Legal basis: Approved under relevant provisions of the Banking Regulation Act, 1949, effective 15 December 2025.​

Deposits and loans stay safe; contracts continue on existing terms during transition.​

Possible changes ahead: IFSC codes, cheque books, debit/ATM cards and some branch rationalisation.​

Customers should:

Update IFSC and bank details for salary, EMI, SIP and ECS once notified.​

Collect new cheque books/cards and confirm net-banking/mobile-banking login links from the merged bank’s official channels.​

Sources: RBI notifications on Gujarat cooperative bank mergers