Toll Free: 1800 103 1369 Email Us:customercare@canmoney.in

Markets

Market

News Details

(24/04/2026 11:14)

RBI approves merger of Mekhar Urban Co-op Bank with Nagpur Nagarik Sahakari Bank

The Reserve Bank of India has approved the voluntary amalgamation of The Mekhar Urban Co-op Bank Ltd., Mekhar with Nagpur Nagarik Sahakari Bank Ltd., Nagpur. The approval has been granted under the provisions of the Banking Regulation Act, 1949.

As per the sanctioned scheme, the merger will come into effect from April 24, 2026. Following the amalgamation, all branches of The Mekhar Urban Co-op Bank Ltd. will operate as branches of Nagpur Nagarik Sahakari Bank Ltd., Nagpur from the effective date.
Prevent Unauthorized Transactions in your demat account -> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....................issued in the interest of investors.
KYC is one-time exercise while dealing in securities markets -> Once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
CDSL – MyEasi App App Store: https://apps.apple.com/in/app/cdsl-myeasi-app/id6737304195      Google Play Store: https://play.google.com/store/apps/details?id=com.cdsl.myeasi   |   NSDL – Speede App : App Store: https://apps.apple.com/in/app/nsdl-speede-app/id922834763      Google Play Store: https://play.google.com/store/apps/details?id=com.msf.NSDL.Android