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Mumbai: Saraswat Cooperative Bank has announced a voluntary merger with the troubled New India Co-operative Bank, aiming to protect over two lakh depositors and strengthen its position as India's largest urban cooperative bank. The proposal, disclosed by chairman Gautam Thakur at a conference jointly with New India's RBI-appointed administrator Shreekant, comes under the RBI's master directions for voluntary amalgamations.New India was placed under restrictions by the RBI in Feb following misman ...Read More >
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