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RBI, on October 12, had issued a SFB licence to the consortium of Centrum Financial Services Limited (Centrum), the small business lending arm of the Centrum Group, and Resilient Innovations Private Limited (BharatPe).
Deposit Insurance and Credit Guarantee Corporation (DICGC) in the first lot will pay customers of 20 stressed banks except PMC Bank. For the first lot, the mandatory 90 days period concludes on November 30.
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