(a) whether proposal for merger of Rupee Cooperative Bank with Maharashtra State Co-Operative Bank is pending with the RBI;
(b) if so, the present status of the aforesaid proposal; and
(c) the time by which the final decision is likely to be taken in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(a) to (c): Reserve Bank of India (RBI) had received proposal for merger of Rupee Co-operative Bank Ltd. with Maharashtra State Co-operative Bank Ltd. On examination, the proposal was found to be without any merit and was not pursued further by RBI. RBI has advised Registrar of Cooperative Societies (RCS), Maharashtra accordingly.
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