The voluntary Scheme of Amalgamation of Maratha Sahakari Bank with The Cosmos Co-operative Bank has been approved by RBI. The scheme will become effective from May 29, 2023.
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The Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016. Maratha Sahakari Bank’s branches will function as branches of The Cosmos Co-operative Bank Limited, Pune (Maharashtra) from May 29, 2023.
The Cosmos Co-operative Bank is a multi-state urban co-operative bank. Maratha Sahakari Bank was founded in the year 1946 for helping poor and needy people, in South Mumbai.
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