 "RBI, Reserve Bank of India")
The Reserve Bank of India (RBI) on Tuesday issued a small finance bank (SFB) licence to the Centrum Group-BharatPe consortium. Incorporated as Unity SFB, the lender will start operations in some weeks with a Rs 1,500-crore loan book.
The consortium will take over the assets and liabilities of the beleaguered Punjab and Maharashtra Co-operative (PMC) Bank. The timing for integrating PMC will depend upon when the RBI and the government release the scheme for amalgamation, said Jaspal Bindra, chairman of the BSE-listed Centrum Capital.
Bindra said with the RBI issuing an SFB licence, the focus will shift to
The consortium will take over the assets and liabilities of the beleaguered Punjab and Maharashtra Co-operative (PMC) Bank. The timing for integrating PMC will depend upon when the RBI and the government release the scheme for amalgamation, said Jaspal Bindra, chairman of the BSE-listed Centrum Capital.
Bindra said with the RBI issuing an SFB licence, the focus will shift to
