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PMC Bank merges with Unity Small Finance Bank
short by Ashley Paul / on 25 Jan 2022,Tuesday
Branches of Punjab and Maharashtra Co-operative Bank Ltd (PMC Bank) will operate as Unity Small Finance Bank Ltd (USFBL) branches from Tuesday, RBI said in a press release. RBI added that USFBL is making all necessary arrangements to implement provisions of the merger. The bank's amalgamation scheme envisages takeover of the assets and liabilities of PMC Bank.
short by Ashley Paul / 10:33 pm on 25 Jan
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