PMC Bank takeover: RBI gives 'in-principle' approval to this NBFC to set up small finance bank
PMC Bank Takeover: The Reserve Bank of India has granted in-principal approval to Centrum Financial Services Limited to set up a small finance bank, paving the way for takeover of Punjab & Maharashtra Co-operative Bank.
The RBI said it will grant a licence for commencement of banking business only after being satisfied that Centrum Financial Services Limited has fulfilled all conditions.