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Sources: #RBI gives its nod for Centrum-BharatPe to takeover PMC Bank

RBI likely to make official announcement today itself

Centrum-BharatPe recently received RBI nod to acquire #PMCBank

#Centrum-BharatPe likely to get a Small Fin Bank licence post takeover of PMC Bank.
Unity Small Finance Bank: All #PMCBank employees will remain employed

96% of #PMC Bank depositors will get immediate access to their funds with the amalgamation

99% of #retail depositors can be paid in full by 5th yr, 100% by 10th yr