Saraswat Co-operative Bank Ltd is keen to buy the management of the sick Shree Suvarna and Rupee Co-op banks and effect a amalgamation once the two entities become profitable, Saraswat Bank, has said. A proposal to this effect has been given to the Reserve Bank of India a month ago. The Saraswat Bank are prepared for total management, on an irrevocable basis, of both Rupee Co-op and Suvarna banks. The Saraswat Bank said that an immediate amalgamation would involve taking over losses to the tune of Rs 780 crore and turn Saraswat Bank into a sick bank. Saraswat Bank will operate as a merged bank, but the actual merger will happen only after the two banks turn profitable.