Suvarna Sahakari Bank was a private Indian co-operative bank started by Dnyaneshwar Agashe in 1969.[1][2][3][4]
It was established to cater to the banking needs, primarily of Pune's middle class Marathi population.[5][6][7][8][9] After the controversial 2004 BCCI election scandal,[10][11][12] the bank is most notable as the central business involved in Agashe's alleged scam case between 2006 and 2008,[13][14][15][16][17][18][19] follow by plans for a merger with Cosmos Bank,[13][20] it was finally dissolved and merged with Indian Overseas Bank in 2009.[21][22]
The bank's failure amidst a political scandal is widely cited today in the Indian banking sector.[23][24][25]
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