Cooperative banks put Madhavpura Bank behind, head for Gujarat

AHMEDABAD: Eight cooperative banks have expanded into Gujarat, a state scarred by the 2001 Madhavpura Bank scam that saw a collapse of cooperative banks in the state. Most of the new entrants have taken the mergers and acquisitions (M&A) route, the preferred option in the wake of a Reserve Bank of India ban on issue of new cooperative bank licences following the scam,.........

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