ADVERTISEMENT
Behind Closed Doors: What The PMC Bank Rescue Will Look Like
PMC Bank rescue: Who holds the licence? Is BharatPe's foreign ownership a concern? And what happens to depositors?
25 Jun 2021, 05:35 PM IST
Nearly two years after the Punjab & Maharashtra Cooperative Bank ran aground, a rescue plan is now being mounted.The Reserve Bank of India, on June,18, granted in-principle approval to Centrum Financial Services Ltd. to set up a small finance bank, after it offered to rescue PMC Bank. The non-bank lender is partnering with digital payments firm BharatPe to set up the small finance bank."After careful consideration, the proposal from ...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT