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Kerala Bank
October 11 , 2019
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- 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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