Amanath Bank general body okays merger plan

The general body meeting of the Amanath Cooperative Bank on Sunday decided to merge it with Canara Bank.

The meeting was held at the bank office in Shivajinagar. The meeting was also attended by shareholders.

Those present at the meeting pointed out that the current condition of the bank was beyond control and merger was the only option.

The bank’s chairman Nissar Ahmed proposed the merger decision and those present at the meeting unanimously approved it. The local police had provided tight security at the venue till the meeting concluded.

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