Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.139)

139. 

Which NBFC has received approval from RBI to take over PMC bank and re-launch it as a Small Finance Bank?

[A]. Satin Creditcare Network Limited
[B]. Credila Financial Services Private Limited
[C]. Centrum Financial Services Limited
[D]. HDB Financial Services Limited

Answer: Option C

Explanation:

The RBI has approved Centrum Financial Services Limited which will take over the Punjab & Maharashtra Co-operative Bank Ltd., Mumbai (PMC), and re-launch it as a Small Finance Bank.

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