Question
Which cooperative bank has merged Mumbai-based troubled
Sahebrao Deshmukh Co-operative Bank (SDC Bank) with itself & has added 11 branches to its network – 10 in Mumbai and one in Satara?Solution
Cosmos Coop Bank has merged Mumbai-based troubled Sahebrao Deshmukh Co-operative Bank (SDC Bank) with itself. With this, Cosmos has added 11 branches to its network – 10 in Mumbai and one in Satara. Now, Cosmos would have 170 branches in seven states across India Cosmos Bank’s business —advances plus deposits is about Rs 31,660 crore with net owned funds in excess of Rs 2,000 crore.Â
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