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    Question

    The voluntary amalgamation of New India Co-operative

    Bank Ltd. with Saraswat Co-operative Bank Ltd. will take effect on which date?
    A August 01, 2025 Correct Answer Incorrect Answer
    B August 02, 2025 Correct Answer Incorrect Answer
    C August 03, 2025 Correct Answer Incorrect Answer
    D August 04, 2025 Correct Answer Incorrect Answer
    E August 05, 2025 Correct Answer Incorrect Answer

    Solution

    The RBI approved the merger of New India Co-operative Bank Ltd. with Saraswat Co-operative Bank Ltd. under Section 44A(4) and Section 56 of the Banking Regulation Act, 1949. The effective date of amalgamation is August 04, 2025 (Monday), after which all branches of New India Co-operative Bank will operate as branches of Saraswat Co-operative Bank.

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