The Government of India has sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. with Unity Small Finance Bank Ltd. (USFBL).
Ratings and research firm Icra has estimated that India's economy will grow at 9% in FY22 and FY23 amid the uncertainty triggered by the Omicron variant of Covid-19.
The Government of India has recently extended the tenure of the Interim Chairman of Insolvency and Bankruptcy Board of India Navrang Saini for 3 months till March 05, 2022.