Centrum-Bharatpe JV to invest Rs 1,800 cr into PMC on merger
Sun, Jun 20, 2021 7:18 PM

Centrum-Bharatpe JV to invest Rs 1,800 cr into PMC on merger

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The joint venture streamed by Centrum Group and digital payments startup Bharatpe for publicizing a small finance bank will induce Rs 1,800 crore capital into crisis led Punjab & Maharashtra Cooperative Bank (PMC) on its merger with the proposed bank, a top Centrum official has said. Last Friday, the Reserve Bank gave in-principle approval to Centrum Financial Services.

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