Mint reports quote officials saying RBI is looking at an application filed by Centrum Financial Services and fintech start-up BharatPe for a licence to set up a small finance bank and take over the crisis-ridden PMC Bank,
Deputy governor RBI quoted saying the application for licence is at an advanced stage of consideration. Once that final licence is approved, we will very shortly be proceeding ah
In June, RBI had cleared the decks for its takeover by Centrum and BharatPe. PMC Bank had total deposits of ?10,535.45 crore and total advances of ?4,123 crore as of 31 March 2021, according to data on its website.
