Q. The Punjab and Maharashtra Co-operative Bank (PMC Bank) was amalgamated with which bank?
Answer:
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.