• search

Maratha Mandir Coop Bank merges with Saraswat Bank

Written by: Staff

Mumbai, Apr 4 (UNI) Trouble-torn Maratha Mandir Cooperative Bank has been merged with the Saraswat Cooperative Bank Limited (scheduled).

In all, 11 branches of Maratha Mandir were merged into the Saraswat bank at a function held here yesterday, a release issued today said.

With the addition of these 11 branches, Saraswat bank's strength has gone up to 86. All 242 employees of Maratha Mandir would now get benefits as per Saraswat bank employee's category.

Maratha Mandir had a deposit of Rs 182 crore and liabilities of Rs 110 crore when it became bankrupt, the release said.

On the occasion of the merger, Saraswat Bank Director Eknath Thakur and Cooperative Bank Employees' Union president Anandrao Adsul were present.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more