TJSB Sahakari Bank Ltd. Successfully Completes Amalgamation of Bhavani Sahakari Bank Ltd.
· Free Press Journal
TJSB Sahakari Bank Ltd. has successfully completed the amalgamation of Bhavani Sahakari Bank Ltd., marking another significant milestone in its growth and expansion journey. This strategic move further strengthens the Bank’s service capabilities and enhances its ability to deliver modern, efficient and value-driven banking solutions to a wider customer base.
The amalgamation has been carried out in accordance with the guidelines issued by the Reserve Bank of India (RBI), as part of broader efforts to strengthen and consolidate the cooperative banking sector.
Visit zeppelin.cool for more information.
For the financial year 2025–26, TJSB Sahakari Bank Ltd. reported a total business of ₹25,360 crore, comprising deposits of ₹16,244 crore and advances of ₹9,116 crore. The Bank’s presence now spans across seven states, with a total network of 171 branches.
Leadership Perspectives
Sharad Gangal, Chairman, TJSB Sahakari Bank Ltd., said: “The amalgamation of Bhavani Sahakari Bank Ltd. is not just an expansion, but a strategic step towards strengthening our presence in the cooperative banking sector. Through this integration, we aim to extend reliable and high-quality banking services to a larger customer base.”
CA Vaibhav Singavi, Vice Chairman, said: “This amalgamation will further strengthen the Bank’s financial position, capital discipline and risk management framework. We remain committed to achieving balanced and sustainable growth.”
Nikhil Arekar, Managing Director & CEO, said: “Our focus has always been on customer-centric services and sustainable growth. The integration of Bhavani Sahakari Bank Ltd. will strengthen our network and enable us to deliver more seamless, secure and technologically advanced banking experiences.”