Amanath co-op Bank to merge with Canara bank
By Vaibhav Aggarwal
Sep 26, 2014
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It has been reported that last day the Karnataka High court has passed an order to the apex bank CBI and other on the issues related to the merging of the Amanath co-op bank with the Canara bank.

Amanath Bank was facing financial crisis as a result it was decided to merge the bank with Canara bank. Amanath co-op bank is the only bank of the Muslim community in the state. But without considering the plea of the people the judge, permitted the merger by way of an interim order. On the basis of the guidelines fixed by the RBI for the merger the Merger will carried out. The issues related to this matter will be heard on October 16,2014.

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