Payments services company BharatPe on January 18 said it is keen on acquiring Punjab and Maharashtra Cooperative (PMC) Bank.
In an interview to CNBC-TV18, the company confirmed its plan to acquire the lender.
On January 16, Bharat Pe and Centrum submitted a combined offer for the troubled lender.
As per reports, in the joint bid for PMC Bank, BharatPe and Centrum could pay back 100 percent to retail depositors, who want to withdraw.
The Reserve Bank of India (RBI) on December 18 said PMC Bank has received four Expressions of Interest (EoI) but did not specify the suitors. The banking regulator also extended the restrictions on PMC Bank by another three months till March 31, 2021.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
