New Enroll in RBI Grade B New Batch - Starts on May 21

    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?
    A Saraswat Co-operative Bank Ltd Correct Answer Incorrect Answer
    B Shamrao Vithal Co-operative Bank Correct Answer Incorrect Answer
    C Cosmos Cooperative Bank Ltd. Correct Answer Incorrect Answer
    D Abhyudaya Co-operative Bank Ltd Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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. 

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