The Reserve Bank of India (RBI) issued a Small Finance Bank (SFB) licence to the consortium of Centrum Financial Services Limited (Centrum) and BharatPe. \u201cA new bank license has been issued after a gap of nearly 6 years, and we thank the RBI for the confidence shown in the abilities of Centrum and BharatPe,” Centrum said in a regulatory filing.<\/p>\n\n\n\n
The Unity Small Finance Bank will take over the assets and liabilities of Punjab and Maharashtra Co-operative Bank.<\/strong> RBI had given in-principle approval to Centrum Financial Services Limited to set up a small finance bank in June 2021.<\/p>\n","protected":false},"excerpt":{"rendered":" The Reserve Bank of India (RBI) issued a Small Finance Bank (SFB) licence to the consortium of Centrum Financial Services Limited (Centrum) and BharatPe. \u201cA new bank license has been issued after a gap of nearly 6 years, and we thank the RBI for the confidence shown in the abilities of Centrum and BharatPe,” Centrum 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