All formalities in this regard will be completed by August 16, a government release said.
This was stated during the evaluation meeting of various projects chaired by ChiefMinister Pinarayi Vijayan, on the second day today.
An ambitious project of the LDF government,the proposal was to form a Kerala Bank by merging district co-operative banks with state co-operative banks, converting the present three-tier cooperative into two-tier system.
The re-deployment of employees, its business policy for the next five years has already been submitted to the RBI, the release said.
Modernisation of the co-operative sector was going on smoothly and steps for modernisation of primary cooperative banks has also begun, it added.
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