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Punjab & Maharashtra Co-operative Bank revival: Find out the three group of investors bidding for the bank

: Saturday, February 20, 2021, 3:18 PM IST Punjab & Maharashtra Co-operative Bank s revival: Find out the three group of investors bidding for the bank On February 15, 2021, Reserve Bank Governor Shaktikanta Das said it has received three bids for the troubled Punjab Maharashtra Cooperative (PMC) Bank and the central bank is now evaluating the offers. Now it is reported that a set of investors which included foreign players has shown interest in the beleaguered bank. There is one consortium which includes Centrum group and Fintech BharatPe, and another one is led by Surinder Mohan Arora, an Indian businessman. The third investor bidding for this bank is UK-based Liberty Group.

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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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PMC Bank scam: ED raids Viva Group, seizes Rs 73 lakh cash (Ld)

PMC Bank scam: ED raids Viva Group, seizes Rs 73 lakh cash (Ld) By IANS | Published on Fri, Jan 22 2021 22:03 IST | 0 Views Mumbai, Jan 22 : Continuing its probe into the Punjab & Maharashtra Cooperative (PMC) Bank Ltd scam, the Enforcement Directorate on Friday seized Rs 73 lakh after raiding five premises belonging to the Viva Group and its associates in Mumbai and Palghar, officials said here on Friday. These included the Viva Group s offices in Andheri and Virar (Palghar), besides residences of its top officials in Andheri, Juhu and Chembur (Mumbai), leading to the seizure of the cash and other incriminating documents. Raids were conducted at three premises linked to the Viva Groups head, Mehul Thakur, and three premises connected with chartered accountants/financial consultants.

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