Reserve Bank of India has granted permission for the merger of the Balaji Urban Co-Op Bank, Tirupati with the Visakhapatnam Co-Op Bank. According to the Chief Executive Officer of the Balaji Urban Co-op Bank, P. Krishnamurthy, consequent on the merger, the Visakhapatnam Co-Op Bank with about Rs.1000 crore deposits and 22 branches spread over the State would soon be operational in Tirupati.
The Hindu
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