In October 2019 RBI gave its approval to the Government of to create a new bank by amalgamating the ...........

Static GK (CPO) Banking Awareness

In October 2019, RBI gave its approval to the Government of ______ to create a new bank by amalgamating the District Co-operative

banks (DCBs) with its State Co-operative Bank.

This questions was previously asked in

SSC CPO 11th Dec 2019 Shift-1

Kerala

Maharashtra

Gujarat

West Bengal

- In October 2019, the Reserve Bank of India (RBI) approved a proposal from the Government of Kerala to form a new bank.

- This was to be done by merging the District Co-operative Banks (DCBs) with the Kerala State Co-operative Bank.

- The idea was to create a single, larger entity to improve the financial services provided by cooperative banks in Kerala.

- Maharashtra, Gujarat, and West Bengal were not involved in this specific decision by RBI at that time.

- Cooperative banks in these states operate under different frameworks and decisions.

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