Here's how Centrum, BharatPe propose to merge PMC Bank - Business News: Latest News & Videos about market and economy | Trendmergers

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Here's how Centrum, BharatPe propose to merge PMC Bank

While the focus will be on retail loans, the good corporate loans of PMC Bank, estimated to be less Rs 1,000 crore, are also likely to be transferred to the new entity. The SFB will manage the corporate loan book till maturity, but will not expand it. Centrum lends to micro, small and medium enterprises, which pay 12-16% interest depending on the nature of loans.

from Stocks-Markets-Economic Times
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