Banking on acquisition

The Zoroastrian Co-operative Bank Limited (ZCBL) is looking to acquire other banking companies, chairman Yazdi Tantra told Parsiana on September 2, 2022. He was reiterating a statement he made at the Bank’s annual general meeting on August 19, 2022 that "the Bank is also open to appropriate acquisition opportunities… It may be noted that the Bank had, in 2013, taken over Surat based City Co-operative Bank." An increase in their ATM (automated teller machines) network, specifically in Parsi localities in Surat is on the cards too, Tantra stated. Distribution of mutual funds and insurance products are other initiatives in the......

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