The Punjab and Maharashtra Co-operative Bank (PMC Bank) was amalgamated with which bank? [A] Unity Small Finance Bank [B] Jana Small Finance Bank [C] Equitas Small Finance Bank [D] Kerala Bank
Answer: [A] Unity Small Finance Bank Notes: The Government approved the plan for the amalgamation of the Punjab and Maharashtra Co-operative Bank (PMC Bank) with Unity Small Finance Bank (USFBL). USFBL is a joint venture between Centrum Financial services and digital payments platform BharatPe. All the branches of the PMC Bank will function as branches of USFBL with immediate effect.
