In a press release the apex bank RBI says that “The Government of India has sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Bank) with Un
Govt approves PMC Bank amalgamation scheme with minor tweaks : Rashtra News #Govt #approves #PMC #Bank #amalgamation #scheme #minor #tweaks The draft scheme envisaged principal payouts as and when they fell due. The Reserve Bank of India (RBI) on Tuesday said the government has sanctioned and notified the draft scheme for the amalgamation of Punjab […]
The Centre on Tuesday gave its nod to amalgamate Punjab and Maharashtra Co-operative Bank (PMC Bank) with the Unity Small Finance Bank (USFBL).As per the Reserve Bank of India, the amalgamation will come into force with effect from the date of .
All the branches of the PMC Bank will function as branches of Unity Small Finance Bank Ltd. with effect from this date, January 25, 2022, RBI said in a statement.