RBI approves Bhavani Sahakari Bank merger into TJSB
→Bhavani branches must operate as TJSB branches from May 4
Change
India's RBI sanctioned Bhavani Sahakari Bank's amalgamation into TJSB Sahakari Bank under Section 44A, effective May 4, 2026.
Why it matters
Bhavani Sahakari Bank ceases as a separate entity from May 4. All Bhavani branches operate as TJSB Sahakari Bank branches under the sanctioned amalgamation scheme.
Implications
- → Branch-operations teams must migrate Bhavani branches into TJSB by May 4, 2026 — branch activity must run under the approved scheme.
- → Core-banking administrators must update branch and account mappings by May 4, 2026 — transaction posting must reflect the new bank entity.
- → Customer-service teams must update depositor and borrower communication — Bhavani branches will operate as TJSB branches from the effective date.
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Source
View on RBI