Page 18 - Centrum Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The right way to sell a troubled bank December 21, 2020, 11:18 PM IST Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The RBI did well to invite expressions of interest for takeover of the troubled Punjab and Maharashtra Cooperative (PMC) Bank, rather than nominate a buyer. Competitive bidding, subject to the fit and proper criteria being met, will ensure fairness and bring about transparency in the acquisition process. Four suitors have responded, including a combination of BharatPe and the Ce...

Centrum Financial Services raises ₹50 crore through PTCs December 13, 2020 × Centrum Financial Services Ltd (CFSL), the NBFC arm of financial services major Centrum Group, has raised ₹50 crore by securitising its supply chain loan book, which was acquired from L&T Finance two years ago. Further, the company is also looking to raise another ₹25 crore through the same route. The business, which provides financing with an average ticket size of ₹50 lakh to ₹1.5 crore to MSME supply chain dealers and vendors, has raised the funding from Indian high networth individuals, family offices ...