Page 16 - Centrum Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

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 ...

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.

BharatPe reveals plan to bid for PMC Bank On January 16, Bharat Pe and financial services firm Centrum had jointly submitted a bid to the Reserve Bank of India to acquire PMC Bank BusinessToday.In | January 18, 2021 | Updated 20:38 IST BharatPe to bid for PMC Bank Amid ongoing speculation over the acquisition of Punjab and Maharashtra Cooperative (PMC) Bank, digital payments platform BharatPe has reportedly confirmed that it is looking to buy the crisis-hit cooperative lender. BharatPe has revealed its plan to acquire the PMC Bank in an interview to CNBC-TV18. On January 16, BharatPe and fi...

BharatPe may offer to pay back PMC Bank retail depositors in full: report The BharatPe-Centrum combine is one of the four bidders that have made submissions to the Reserve Bank of India for acquiring PMC Bank. The other bidders include UK's Liberty Group and two independent business houses BusinessToday.In | January 16, 2021 | Updated 23:17 IST Digital payments platform BharatPe and financial services firm Centrum are expected to make an aggressive bid for the Punjab and Maharashtra Cooperative Bank (PMC Bank). The joint bid to RBI for the beleaguered urban cooperative lender may reportedly ...