The Reserve Bank of India (RBI) has recently given its approval for the merger of Maratha Co-operative Bank with Cosmos Co-operative Bank.

• This decision comes as a significant development in the banking sector, with implications for both the banking industry and aspiring candidates preparing for government exams, including positions in banking services.
• The merger between Maratha Co-operative Bank and Cosmos Co-operative Bank has been undertaken to strengthen the financial stability and improve the operational efficiency of both entities.
• Maratha Co-operative Bank has been facing financial challenges, and this merger is expected to provide a viable solution to safeguard the interests of the bank’s depositors and ensure the smooth functioning of the banking operations.