Tag: PMC Bank

PMC Bank gets some cooperative support, but revival to take time

What are the regulatory conditions for Urban-Cooperative Banks in India?  Context:  The Centrum-Bharat Pe combined and takeover a bankrupt urban cooperative bank. The RBI has also granted an “in-principle” approval to Centrum Financial Services and BharatPe to set up a small finance bank (SFB). This marks the first instance of NBFCs, high-net worth individuals and fintech being allowed entry in the urban-cooperative bank (UCB) space.   Regulatory conditions for urban-cooperative bank (UCB):  The RBI in 2019 brought… Continue reading PMC Bank gets some cooperative support, but revival to take time