......Surat Nagrik Sahkari Bank managing director Samir Patchigar told TOI, "We are shocked with the RBI's decision. We got a one-page letter saying the bank was under directions and no reasons were given by the RBI." Patchigar said the bank was awaiting approval from RBI headquarters in Mumbai for its merger with Mehsana Urban Cooperative Bank. RBI Ahmedabad had already cleared the merger proposal............
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