Saturday, April 14, 2012

High court notice over proposed merger of cooperative banks

AHMEDABAD: The Gujarat high court on Friday issued notice to authorities after a PIL challenged the proposed merger of the Kalupur Commercial Co-operative Bank Ltd with Surat's Udhna Citizen Co-operative Bank Ltd. The HC sought reply from the Centre, the Reserve Bank of India, the co-operative registrar and banks' authorities within a week's time on petitioner Consumer Protection and Analytic Committee's plea……………

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