India, April 24 -- The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of The Mattancherry Mahajanik Co-operative Urban Bank Ltd, Cochin, Kerala with The Peoples' Urban Co-operative Bank Ltd., Tripunithura, Kerala. The Scheme will come into force with effect from April 27, 2026 (Monday). All the branches of The Mattancherry Mahajanik Co-operative Urban Bank Ltd, Cochin, Kerala, will function as branches of The Peoples' Urban Co-operative Bank Ltd., Tripunithura, Kerala with effect from April 27, 2026.
Published by HT Digital Content Services with permission from Pivotal Sources....