The Reserve Bank of India has approved the voluntary amalgamation of The Dhinoj Nagrik Sahakari Bank Ltd., Dhinoj, Gujarat, with Akhand Anand Co-operative Bank Ltd., Surat, Gujarat. Exercising its powers under Section 44A(4) and Section 56 of the Banking Regulation Act, 1949, the RBI has sanctioned the merger, which will take effect from June 16, 2025.
From that date, all branches of The Dhinoj Nagrik Sahakari Bank Ltd. will operate as branches of Akhand Anand Co-operative Bank Ltd.