The Reserve Bank of India (RBI) has approved the merger of four cooperative banks in Gujarat. After these mergers, only two banks will remain. The approvals were given through separate notifications under the Banking Regulation Act, 1949, and both mergers will take effect from December 15, 2025.
In the first merger, RBI has approved the merger of The Amod Nagric Co-operative Bank Limited (Amod) with The Bhuj Mercantile Co-operative Bank Limited (Ahmedabad). After the merger comes into force, all branches of Amod Nagric Co-operative Bank will function as branches of Bhuj Mercantile Co-operative Bank from December 15, 2025.
In the second merger, RBI has approved the voluntary merger of Amarnath Co-operative Bank Limited (Ahmedabad) with Kalupur Commercial Co-operative Bank Limited (Ahmedabad). After this merger, all branches of Amarnath Co-operative Bank will operate as branches of Kalupur Commercial Co-operative Bank from the same date.
According to RBI, both mergers are voluntary and have been carried out with the consent of the concerned banks. These decisions will bring structural changes to the cooperative banking sector in Gujarat. From December 15, 2025, all branches will start operating under the new merged setup.
