2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Satin Creditcare Network Limited
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Credila Financial Services Private Limited
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Centrum Financial Services Limited
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HDB Financial Services Limited
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Detailed explanation-1: -(PMC Bank) with Unity Small Finance Bank Ltd. (USFBL). The amalgamation will come into force with effect from the date of the notification of the scheme i.e. January 25, 2022. All the branches of the PMC Bank will function as branches of Unity Small Finance Bank Ltd.
Detailed explanation-2: -Former BharatPe chief, Ashneer Grover, on May 18 said that the acquisition of crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC) last year by Centrum-BharatPe consoritum was the smartest corporate move in history.
Detailed explanation-3: -The Government of India has today sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Bank) with Unity Small Finance Bank Ltd.
Detailed explanation-4: -It is advised that “Unity Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR. LIC. No. S543/16.13.
Detailed explanation-5: -The companies whose certification has been cancelled are SRM Properties And Finance Company (Rajasthan), North East Region Finservices Limited (Manipur), Sowjenvee Finance Limited (Karnataka) and Opel Finance Limited (Patna).