Udhna Citizen Cooperative Bank,Kalupur Commercial Bank merger
February 25, 2012
Surat, 25 February, 2012
Surat’s Udhna Citizen Cooperative Bank Ltd may merge in Kalupur Commercial Bank next month.
Administrator of the bank Shri Ramanbhai Tadvi said that a decision in this regard has been already taken from Udhna bank in presence all persons involved, now the proposal will be sent to Kalupur Commercial Bank.
Shri Tadvi further said that Kalupur Commercial Bank will take decision on merger on 5 March in its meeting.
“I have full faith that by the end of March 2012, the merger process will be completed,” he added.
In today’s meeting of account holders of Udhna Citizen Cooperative Bank Ltd a decision was taken for Rs 51,000 prize money to those who provide detail about three main defaulters including Bharat Patil(Rs 6 crore) the main defaulter.
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