RBI Approves Amalgamation of Bapunagar Mahila Bank with Shri Vinayak Sahakari Bank

RBI Press Releases

Published March 27th, 2026

Detected March 26th, 2026

Summary

The Reserve Bank of India has approved the voluntary amalgamation of The Bapunagar Mahila Co-operative Bank Ltd. with Shri Vinayak Sahakari Bank Ltd. The amalgamation scheme will come into effect on March 27, 2026, with all branches of Bapunagar Mahila Bank becoming branches of Shri Vinayak Sahakari Bank.

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What changed

The Reserve Bank of India (RBI) has sanctioned the Scheme of Amalgamation for The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat, with Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat. This action is taken under Section 44A read with Section 56 of the Banking Regulation Act, 1949. The amalgamation is voluntary and will officially come into force on March 27, 2026.

Effective March 27, 2026, all branches of The Bapunagar Mahila Co-operative Bank Ltd. will operate as branches of Shri Vinayak Sahakari Bank Ltd. This means that the operational and legal integration of the two entities will be complete on this date. Regulated entities involved in this amalgamation should ensure all necessary internal and external communications and system changes are finalized by this effective date.

What to do next

Ensure all operational and legal integration activities are completed by March 27, 2026.
Update systems and customer communications to reflect the new branch structure under Shri Vinayak Sahakari Bank Ltd.

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Press Releases

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| Date : Mar 25, 2026 | |
| RBI approves the voluntary amalgamation of The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat with Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat | |
| | The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat with Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat. The Scheme will come into force with effect from March 27, 2026 (Friday). All the branches of The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat will function as branches of Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat with effect from March 27, 2026.

(Brij Raj)
Chief General Manager

Press Release: 2025-2026/2326 | | The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat with Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat. The Scheme will come into force with effect from March 27, 2026 (Friday). All the branches of The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat will function as branches of Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat with effect from March 27, 2026.

(Brij Raj)
Chief General Manager

Press Release: 2025-2026/2326 |
| The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat with Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat. The Scheme will come into force with effect from March 27, 2026 (Friday). All the branches of The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat will function as branches of Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat with effect from March 27, 2026.

(Brij Raj)
Chief General Manager

Press Release: 2025-2026/2326 | |