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DICGC report: Banks witness drop in insured deposits; uninsured funds surge in FY23

DICGC report: Banks witness drop in insured deposits; uninsured funds surge in FY23
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Centrum Capital explores sale of its stake in housing finance business

Centrum Capital is reportedly considering selling its stake in Centrum Housing Finance, its mortgage financing business. Centrum holds a 74% stake, while Morgan Stanley PE Asia holds around 25%. The potential sale is driven by RBI directives following Centrum s acquisition of PMC Bank, which require Centrum to divest its majority stake in the housing finance business ....

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