- From 25th Jan 2022, all the branches of the PMC Bank started functioning as branches of Unity SFB.
- The Unity SFB is promoted by Centrum Financial Services Limited and Resilient Innovation Private Limited.
- Therefore, both the promoters of Unity SFB infused capital of Rs 1105.10 crore in the bank.
- Now onwards, Unity SFB will pay the customers of PMC Bank the amount it will receive from DICGC.
- The amount will be equal to the balance in the customer’s deposit accounts upto Rs 5 lakhs within the period of 90 days.
- For the depositors with amounts more than Rs 5 lakhs, the payout for the additional amount will be divided.
- Static Part:
- HQ of Unity SFB: New Delhi
Question:
Q.1 With which SFB has PMC Bank merged?
a. Capital SFB
b. Unity SFB
c. Suryoday SFB
d. AU SFB
a. Capital SFB
b. Unity SFB
c. Suryoday SFB
d. AU SFB