In which state has the merger of all the co operative banks been approved by the RBI to form a singl...........

Finance (RBI) Reserve Bank of India

In which state has the merger of all the co-operative banks been approved by the RBI to form a single bank?

This questions was previously asked in

RBI Grade B (9 November 2019)

Karnataka

Kerala

Andhra Pradesh

Telangana

Madhya Pradesh

- Option 1: Karnataka

- Karnataka is known for several cooperative banks, but there hasn't been a recent consolidation approved by the RBI to form one bank.

- Option 2: Kerala

- ?? The Reserve Bank of India approved the merger of Kerala's cooperative banks to form a single banking entity known as the Kerala Bank.

- This move aims to improve the efficiency and financial stability of cooperative banking in the state.

- Option 3: Andhra Pradesh

- Andhra Pradesh has a number of cooperative banks, though there are no recent significant mergers into a single bank.

- Option 4: Telangana

- Telangana operates its cooperative banking sector independently without recent mergers to unify all operations.

- Option 5: Madhya Pradesh

- Like other states, Madhya Pradesh has several cooperative banks but lacks a recent merger approval to form one single bank.

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