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Three bids for PMC Bank have been received; evaluation underway: RBI Governor

Three bids for PMC Bank have been received; evaluation underway: RBI Governor Premium (Reuters) Share Via Read Full Story Reserve Bank of India s governor Shaktikanta Das on Friday said that three bids for microlender Punjab Maharashtra Cooperative (PMC) Bank have been received and evaluation is underway. Das comments came post announcing RBI s bi-monthly policy review on Friday. TRENDING STORIESSee All 1 min read Premium 2 min read Premium India adds Sri Lanka in air bubble pact, passengers can now fly in 28 countries: Full list 1 min read Premium 2 min read . 12:17 PM IST I have been informed that three final offers have been received. I am given to understand that the PMC Bank itself is evaluating the offers, the RBI governor told reporters.

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Budget 2021: The right formula for revival, says Centrum Group s J Bindra

The much-awaited, post-pandemic Budget struck the perfect balance between maintaining investor sentiment, reducing fiscal deficit, boosting job creation and increasing government spending. Increased allocations towards improving healthcare and giving infrastructure a push headlined the reforms. Status quo was maintained for corporations and the common man with no surprise increases in tax rates. On the expenditure side, the Budget met expectations. With a slew of key divestments in place, increase in FDI limits, an asset monetisation pipeline and the proposed LIC IPO, the government is building up the arsenal it needs to keep inflows in place as well.

Jaspal bindraCentrum groupஜஸ்பால் பின்றசிஇஎன்டிஆர்யுவ்எம் குழு

PMC Bank revival: Phased deposit withdrawal likely for customers

Potential investors include the Centrum Group-BharatPe combine and the UK-based Liberty Group Harried depositors of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank may be allowed to withdraw deposits in a phased manner, spread over 4-5 years, if it gets revived by an equity investor/ group of investors. Such a move will assure the investor of a relatively stable liability base (deposits) even as the new management goes about mobilising fresh deposits, in all probability under a new brand name, according to sources aware of the modalities of the revival plan. While the principal withdrawal could be in tranches of either 20 per cent of outstanding deposit each year over the next five years or 25 per cent over the next four years, existing depositors are likely to be allowed unfettered access to the accrued interest.

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BharatPe raises debt funding as part of its goal to become a digital bank

BharatPe will use the debt funding of ₹139 crore to grow its lending business. It will also bid to take over PMC Bank jointly with Centrum Group.

Ashneer groverSuhail sameerDigital bankMaharashtra cooperative bankCentrum groupAlteria capitalGroup presidentUnified payments interfaceReserve bankசுஹைல் அதேடிஜிட்டல் வங்கிமகாராஷ்டிரா கூட்டுறவு வங்கிசிஇஎன்டிஆர்யுவ்எம் குழுகுழு ப்ரெஸிடெஂட்ஒருங்கிணைந்த கொடுப்பனவுகள் இடைமுகம்இருப்பு வங்கி

BharatPay revels plan to buy Punjab and Maharashtra Co-Operative Bank | संकटग्रस्त PMC बैंक के ग्राहकों को 100% भुगतान कर सकता है भारतपे, RBI ने लगा रखा है प्रतिबंध

BharatPay revels plan to buy Punjab and Maharashtra Co-Operative Bank | संकटग्रस्त PMC बैंक के ग्राहकों को 100% भुगतान कर सकता है भारतपे, RBI ने लगा रखा है प्रतिबंध
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