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.
The panel, chaired by N K Sodhi, the former chief justice of the high courts of Karnataka and Kerala, makes its recommendations to Sebi on such applications after which the regulator allows concerned parties before passing an order.
Swedish Prime Minister Stefan Lofven has ousted after he lost a no-confidence vote in the parliament, with a majority of parliament members backing his departure.
EXAMIANS