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

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

Answer: (A)

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.