RBI approves merger of Mattancherry Mahajanik Co-op Bank with Peoples' Urban Co-op Bank

India, April 24 -- The Reserve Bank of India has approved the voluntary amalgamation of The Mattancherry Mahajanik Co-operative Urban Bank Ltd., Cochin, Kerala with The Peoples' Urban Co-operative Bank Ltd., Tripunithura, Kerala.

The approval has been granted under the provisions of the Banking Regulation Act, 1949. The merger will come into effect from April 27, 2026.

Following the amalgamation, all branches of The Mattancherry Mahajanik Co-operative Urban Bank Ltd. will operate as branches of The Peoples' Urban Co-operative Bank Ltd., Tripunithura from the effective date.

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