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Kerala govt proposes merging co-operative banks to form a bank

If the merger does take place under one entity, it could create the largest number of branches under one bank

Gireesh Babu  |  Chennai 

The Government of Kerala is contemplating setting up a bank by merging all the co-operative banks in the state, in order to give the entity one of the widest reaches in the state. The government is planning to set up a committee to prepare a detailed recommendation on the idea.

Kerala Finance Minister T M Thomas Issac, in his budget speech on Friday, said that the government is looking at merging district and state level co-operative banks to form a single bank. In the revised budget for 2016-17, he allocated Rs 10 lakh to set up the committee, which would prepare the the detailed ...

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First Published: Sat, July 09 2016. 18:04 IST
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