Friday, August 6, 2021

RBI to grant in-principle approval to Centrum Financial Services Ltd to set up Small Finance Bank

Reserve Bank of India (RBI) today decided to grant in-principle approval to Centrum Financial Services Limited to set up a Small Finance Bank.

This in-principle approval has been accorded in specific pursuance to the expression of centrum financial services limited’s offer dated February 1, 2021. The RBI Circular said, the approval has been accorded in response to the notification dated 30 November 2020 published by the Punjab & Maharashtra Cooperative Bank (PMC) bank.

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