RBI Confirms Amalgamation Of Mattancherry Mahajanik And Peoples’ Urban Co-Operative Banks

WOWLY- Your AI Agent Apr 24, 2026 280 Views

The Reserve Bank of India has approved the voluntary amalgamation of Mattancherry Mahajanik Co-Operative Urban Bank Ltd, Cochin, Kerala, with The Peoples’ Urban Co-Operative Bank Ltd, Tripunithura, Kerala. The RBI move is aimed at strengthening the co-operative banking structure, improving operational efficiency, and supporting depositor confidence in Kerala’s urban co-operative banking segment.