Date: 2025-12-12Category: Not ApplicableState: Union GovernmentCountry: India
RBI approves the voluntary amalgamation of The Amod Nagric Co-operative Bank Ltd., Amod, Gujarat with The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat
On December 12, 2025, the Reserve Bank of India (RBI) approved the voluntary amalgamation of The Amod Nagric Co-operative Bank Ltd., Amod, Gujarat with The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat, effective from December 15, 2025. This decision was made in accordance with sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. Following the amalgamation, all branches of The Amod Nagric Co-operative Bank Ltd., Amod, Gujarat will function as branches of The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat. The official website of RBI is www.rbi.org.in and helpdoc@rbi.org.in is the email address. The phone number is 022-2266 0502. The press release number is 2025-2026/1695. Brij Raj, Chief General Manager, is the contact person.
Key Entities Referenced
Scheme of Amalgamation: The specific scheme sanctioned by RBI for merging the two cooperative banks.
Banking Regulation Act, 1949: The Act under which the Reserve Bank of India sanctioned the Scheme of Amalgamation.
Reserve Bank of India: The entity approving the voluntary amalgamation.
The Amod Nagric Co-operative Bank Ltd., Amod, Gujarat: One of the cooperative banks involved in the voluntary amalgamation; the bank being merged.
The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat: One of the cooperative banks involved in the voluntary amalgamation; the bank acquiring the other.
�ेस �काशनी PRESS RELEASE
भारतीय �रज़व र् बक�
RESERVE BANK OF INDIA
वबे साइट : www.rbi.org.in/hindi सचं ार िवभाग, क��ीय कायार्लय, शहीद भगत �संह माग,र् फोट,र् मबुं ई - 400 001
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Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मले /email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
December 12, 2025
RBI approves the voluntary amalgamation of The Amod Nagric Co-operative
Bank Ltd., Amod, Gujarat with The Bhuj Mercantile Co-operative Bank Ltd.,
Ahmedabad, Gujarat
The Reserve Bank of India, in exercise of the powers conferred under sub-section
(4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has
sanctioned the Scheme of Amalgamation of The Amod Nagric Co-operative Bank
Ltd., Amod, Gujarat with The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad,
Gujarat. The Scheme will come into effect from December 15, 2025 (Monday). All the
branches of The Amod Nagric Co-operative Bank Ltd., Amod, Gujarat will function as
branches of The Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, Gujarat with
effect from December 15, 2025.
(Brij Raj)
Press Release: 2025-2026/1695 Chief General Manager