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