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National Co op, Cosmos Bank merger gets RBI approval

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The Reserve Bank of India (RBI) on Friday has allowed the merger of National Cooperative Bank with Cosmos Cooperative Bank effective from January 6, 2025.

Bank Merger

A bank merger is when two or more banks combine their operations and resources to form a single entity. The resulting bank is usually larger and has more resources, which can lead to cost reductions.

Recent Merged Banks

Date of MergerMerged EntitiesResulting Bank
April 2019Bank of Baroda, Vijaya Bank, and Dena BankBank of Baroda (BoB)
April 2020Punjab National Bank (PNB), Oriental Bank of Commerce (OBC), and United Bank of India (UBI)Punjab National Bank (PNB)
April 2020Canara Bank and Syndicate BankCanara Bank
April 2020Indian Bank and Allahabad BankIndian Bank
April 2020Union Bank of India, Andhra Bank, and Corporation BankUnion Bank of India
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