RBI gives final nod to Kerala govt for formation of Kerala Bank

The Reserve Bank of India has given its final nod to the Kerala Government for the formation of the Kerala Bank. With its formation, the proposed Kerala Bank will be the largest banking network in the state. Expressing happiness over the apex bank's approval for the initiative, Chief Minister Pinarayi Vijayan said the Kerala Bank would be formed amalgamating the District Co-operative Banks (DCBs) with Kerala State Co-operative Bank. The final nod by the RBI was subjected to some conditi...