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RBI MPC meet: 'Received three offers for PMC Bank resolution,' says Shaktikanta Das

RBI MPC meet: Received three offers for PMC Bank resolution, says Shaktikanta Das
Last month, PMC Bank administrator A K Dixit in a letter to customers and stakeholders had informed that three prospective investors were given time till February 1, 2021 for submission of their final offer
PTI | February 5, 2021 | Updated 15:40 IST
Reserve Bank of India Governor Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Friday said three investors have submitted their offers for reconstruction of crisis-ridden Punjab and Maharashtra Co-operative (PMC) Bank and evaluation for those are underway. Last month, PMC Bank administrator A K Dixit in a letter to customers and stakeholders had informed that three prospective investors were given time till February 1, 2021 for submission of their final offer. ....

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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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