PMC Bank Limited

Breaking: Government Notifies Amalgamation Of PMC Bank And Unity Small Finance Bank

Breaking: Government Notifies Amalgamation Of PMC Bank And Unity Small Finance Bank

BUSINESS & ECONOMY / January 26, 2022 / , , , , , ,

RBI Press Release (Vide Press Release ID: 2021-2022/1616) The Government of India has today (25th January 2022) sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Bank) with Unity Small Finance Bank Ltd. (USFBL). The amalgamation will come into force with effect from the date of the …

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RBI extends direction imposed on PMC Bank for a further period from July 1, 2021 to December 31, 2021

BUSINESS & ECONOMY / By / June 27, 2021 / , ,

RESERVE BANK OF INDIA Directions under Section 35-A of the Banking Regulation Act, 1949 (AACS) – Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra – extension of validity period of Directions Punjab and Maharashtra Cooperative (PMC) Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank was placed under All-Inclusive Directions under Sub-section (1) of Section …

RBI extends direction imposed on PMC Bank for a further period from July 1, 2021 to December 31, 2021 Read More »

PMC

RBI extends PMC Bank Limited restrictions till 31st December, 2021

TC / By / June 25, 2021 / , , , , , , , ,

In response to the Expression of Interest (EOI) dated November 3, 2020 floated by PMC Bank for its reconstruction, certain proposals were received. After careful consideration, by RBI the proposal from Centrum Financial Services Ltd. (CFSL) along with Resilient Innovation Pvt. Ltd. it has been found to be prima facie feasible. Accordingly, in specific pursuance …

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