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      Question

      Which Urban Co-operative Banks (UCBs) will merge under

      RBI's approval?
      A Pune Commercial Co-op Bank with Pimpri Chinchwad Sahakari Bank Correct Answer Incorrect Answer
      B Citizen Co-op Bank (Goa) with TJSB Sahakari Bank Correct Answer Incorrect Answer
      C Both A and B Correct Answer Incorrect Answer
      D Only A Correct Answer Incorrect Answer
      E Only B Correct Answer Incorrect Answer

      Solution

      RBI approved the mergers of two UCBs: Citizen Co-operative Bank (Goa) will merge with TJSB Sahakari Bank (Thane, Maharashtra). Pune Commercial Co-operative Bank (Satara) will merge with Pimpri Chinchwad Sahakari Bank (Pune). The mergers will be effective from February 10, 2025 under the Banking Regulation Act, 1949.

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