RBI Prepares Scheme For PMC, Unity Small Finance Bank Merger
RBI has prepared a draft plan for PMC Bank’s amalgamation with Unity Small Finance BankReserve Bank of India (RBI) on Monday unveiled a draft scheme for amalgamation of the troubled…
RBI Extends Regulatory Restrictions On PMC Bank Till December: Here’s Why
In September 2019, RBI superseded the board of PMC Bank and placed it under restrictionsThe Reserve Bank on Friday extended the regulatory restrictions on Punjab and Maharashtra Cooperative (PMC) Bank…
RBI Grants In-Principle Approval To Centrum Financial To Set Up Small Finance Bank
RBI gave its nod for in-principle approval to Centrum Financial ServicesThe Reserve Bank of India (RBI) granted its “in-principle” approval to the applicant – Centrum Financial Services Limited to set…