India's RBI approves Bhavani Sahakari Bank merger into TJSB
→Bhavani branches must operate as TJSB branches from May 4
Change
India's RBI approved Bhavani Sahakari Bank's amalgamation with TJSB Sahakari Bank, effective May 4, 2026.
Why it matters
Bhavani Sahakari Bank branches must operate as TJSB Sahakari Bank branches from May 4, 2026. Cooperative-bank operations must migrate under the sanctioned amalgamation scheme.
Implications
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Source
View on RBI