TNPSC Thervupettagam

Kerala Bank

October 11 , 2019 2003 days 1612 0
  • The Reserve Bank of India (RBI) has given its final nod to Kerala Government for the formation of Kerala Bank.
  • The Kerala Bank will be the largest banking network in the state.
  • The district cooperative banks of all the 14 districts in the state (barring the Malappuram District Cooperative Bank) had approved the state government's amalgamation scheme.
  • The new bank is expected to strengthen cooperative sector in Kerala.
  • Pending court cases against the merger are expected to go in favour of state as RBI has given approval.

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