small finance banks

PMC

RBI extends PMC Bank Limited restrictions till 31st December, 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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Shaktikant Das

RBI unveils liquidity support measures to battle Covid second wave

The Reserve Bank of India, today introduced on tap liquidity of Rs 50,000 crore at repo rate under which banks can support healthcare stakeholders like vaccine makers, hospitals as well as patients till March 31, 2022. RBI Governor, Shaktikant Das said that banks are being incentivised to sanction these loans under Priority Sector Classifications, and …

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