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BharatPe reveals plan to bid for PMC Bank- Business News

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 financial services firm Centrum had jointly submitted a bid to acquire PMC Bank. ....

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BharatPe may offer to pay back PMC Bank retail depositors in full: report

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 offer to pay back 100 per cent to retail depositors looking to withdraw. ....

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Centrum may submit formal bid to acquire PMC Bank next week

Centrum may submit formal bid to acquire PMC Bank next week
BharatPe and Centrum Group are among four groups that have made the submissions to the Reserve Bank of India (RBI) for the acquisition of PMC Bank
BusinessToday.In | January 14, 2021 | Updated 19:04 IST
Last date for submission of EoIs for PMC Bank was December 15, 2020
Financial services firm Centrum Group plans to make a formal bid for the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank next week. The two-decade old integrated financial services group had submitted an expression of interest (EoI) along with payments company BharatPe in December to collectively take over the Mumbai-headquartered cooperative bank. Both Bharat Pe and Centrum will hold equal stake in PMC Bank if they successfully acquire it. ....

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