Digital payments platform BharatPe and financial services firm Centrum are likely to make joint bids for PMC Bank. If this works out retail depositors would get their full money back, reports Business Today.
The BharatPe-Centrum combine has told the Reserve Bank of India of its intention to take over PMC Bank. There are other bidders like UK’s Liberty Group and two independent business houses.
It is said RBI will meet the bidders one-by-one to finalise the successful bid. In 2020, PMC Bank had invited EoIs from external investors for its reconstruction, which has been under RBI moratorium since 2019.