Question : In October 2019, RBI gave its approval to the Government of ______ to create a new bank by amalgamating the District Co-operative Banks (DCBs) with its State Co-operative Bank.
Option 1: West Bengal
Option 2: Kerala
Option 3: Gujarat
Option 4: Maharashtra
Correct Answer: Kerala
Solution : The correct answer is Kerala .
The Kerala government received the RBI's final approval in October 2019 to unite the district co-ops in Kerala. The merged company will go by the name of Kerala Bank. Kerala's Chief Minister, Pinarayi Vijayan, expressed optimism that it will be essential to the state's development. It was at the highest level, followed by cooperative banks and societies at the bottom level, and district cooperative banks at the second level.
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