Kerala government expects to get RBI nod for Kerala Bank

Reserve Bank of India clearance for the Kerala Bank, an ambitious concept of CPI-M led LDF government, is expected by the end of this month.
This was stated by Minister for Law A K Balan, on behalf of State Minister for Co-operation Kadakampally Surendran in the state assembly today.With the formation of the Kerala Co-operative Bank by merging district co-operative banks with state co-operative banks, affiliation of primary agriculture co-operative societies would be with the new Bank.

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