send mail to firstname.lastname@example.org mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination.
Stay motivated and keep moving forward!
Refer & Earn
My Abhipedia Earning
Kindly Login to view your earning
On January 25, 2022, the Reserve Bank of India (RBI) announced that, government has notified a draft scheme for amalgamation of Punjab & Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank (SFB).
When will amalgamation come into force?
The amalgamation came into force with effect from date of the notification of the scheme, that is January 25, 2022. All the branches of PMC Bank will function as branches of Unity SFB, from this date.
What are SFBs?
SFBs are a specific segment of banking, created by RBI, to undertake basic banking activities to underserved and un-served sections. Draft guidelines to license small banks in private sector were formulated and released in 2014, by RBI. SFBs were set up with the objectives of increasing financial inclusion.
Punjab & Maharashtra Co-operative Bank Limited (PMC)
PMC is a multi-state co-operative bank, starting operating in 1983. It has 137 branches, with 100 branches in Maharashtra. It is regulated by Reserve Bank of India. PMC has been registered under Cooperative Societies Act.
By: Brijesh Kumar ProfileResourcesReport error
Access to prime resources