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According to the directions of the Union Ministry of Finance’s Department of Financial Services, the Chikmagalur Kodagu Gramin Bank, a regional rural bank (RRB), sponsored by Corporation Bank, was amalgamated with Cauvery Kalpataru Grameena Bank, sponsored by State Bank of Mysore.
In a release to exchanges, Corporation Bank said the amalgamation comes into effect from November 1 vide notification.
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