RBI Approves Amalgamation of Kerala Co-operative Banks

RBI sanctioned scheme to merge The Mattancherry Mahajanik Co-operative Urban Bank Ltd with The Peoples' Urban Co-operative Bank Ltd.
The amalgamation will take effect on April 27, 2026, with all Mattancherry branches operating under Peoples' Urban Bank.
Approval issued under Section 44A and Section 56 of the Banking Regulation Act, 1949, by RBI Chief General Manager Brij Raj.