Component Wise And Comparison Wise Analysis Of Financial Performance Of The Kerala State Co-Operative Bank Ltd

Abstract

The government of Kerala has decided to reduce the current three-tiered structure of short-term cooperatives in the state to two levels, as per a policy decision. Thirteen district cooperative banks in Kerala were able to get their merger plans approved by the Reserve Bank of India. A resolution was accepted by the Registrar of Co-operative Societies on July 3, 2019, after thirteen district co-operative banks voted to accept it. The resolution was officially approved by the Registrar. This led to the issuance of an order for amalgamation and the complete transfer of its assets and liabilities to the Kerala State Co-operative Bank(KSCB) . The thirteen District Co-operative Banks of Kerala and the KSCB have combined into a single entity known as "Kerala Bank" as of November 29, 2019. This is the effect of the merger.