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of <h1>Central Government Moratorium Allows Cooperative Bank Amalgamation or Reorganization Under Banking Regulation Act, 1949.</h1> When a moratorium order is issued by the Central Government under the Banking Regulation Act, 1949, concerning a cooperative bank, the Central Registrar, with prior written approval from the Reserve Bank, may draft a scheme during the moratorium period. This scheme can involve either the amalgamation of the cooperative bank with another cooperative bank or the reorganization of the cooperative bank.
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