Centrum Group

Co-heads of business at $4.3 bn Centrum Wealth asked to leave the firm

The board of the Mumbai-based firm asked managing directors Ganashyam S. and Arpita Vinay to leave due to a "loss of confidence,"

Over 50% PMC depositors have stayed with Unity: Centrum Group's Bindra

Unity Small Finance Bank's first leg of journey is integration: Bindra

Paid back PMC depositors Rs 3,800 crore: Centrum Group's Jaspal Bindra

This is more than two years after PMC went bust and the Reserve Bank of India (RBI) imposed restrictions on the amount the depositors can withdraw

Budget 2022: Growth vaccine for revival, says Centrum Group's Jaspal Bindra

The Budget maintained a fine balance between boosting job creation, supporting start-ups, sunrise and core industries, MSMEs and rural development

Payout to be Rs 4k cr to return up to Rs 5 lakh to PMC depositors: Centrum

In a Q&A Jaspal Bindra, Chairman of Centrum Group says Unity SFB will take some cash assistance from DICGC to meet the liquidity gap

Unity intact, Centrum is promoter of bank: Chairman Jaspal Bindra

'It has been 25 years since I first played the role of CEO in India', said Bindra

Centrum-BharatPe backed Unity Small Finance Bank commences operations

The banking entity aims to be the digital-first bank

Centrum-Bharatpe JV small finance bank to begin operations shortly

The first branch of Unity Small Finance Bank, joint venture between Centrum Group and Bharatpe, will be up and running shorty from city with Rs 1,500 cr growth capital and a Rs 1,300-cr loan book

Unity Small Finance Bank plans to tap 100 million Payback users

The proposed business model is one of collaboration and open architecture

Markets will remain choppy till 2021-end: Anil Sarin, CIO, Centrum PMS

Rising commodity prices, he believes, cannot sustainably derail the bullish market momentum

Centrum seeks 20 years to repay DICGC for settling depositors' claims

Centrum's role in the small finance bank will be mainly on the asset side and will focus on lending to small and medium business. Bharat Pe will focus on the liabilities side

PMC Bank gets some cooperative support, but revival to take time

The takeover of this bankrupt urban cooperative bank by the Centrum-BharatPe combine marks the first instance of NBFCs, high-net worth individuals and fintechs being allowed entry in this space

Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31

There was considerable buzz among depositors after RBI gave in-principle nod to Centrum Financial Services and BharatPe to set up an SFB in lieu of a restoration scheme of PMC Bank

Centrum-Bharatpe JV to pump Rs 1,800 cr into PMC on merger

The joint venture floated by Centrum Group and digital payments startup Bharatpe for launching a small finance bank will infuse Rs 1,800 crore capital into troubled Punjab & Maharashtra Cooperative Bank (PMC) on its merger with the proposed bank, a top Centrum official has said. Last Friday, the Reserve Bank gave an in-principle approval to Centrum Financial Services, a step-down arm of the diversified financial services group, to set up a small finance bank (SFB) provided it took over the troubled PMC Bank. The in-principle approval has been in specific pursuance to Centrum Financial Services' offer on February 1, 2021 in response to the expression of interest notification dated November 3, 2020 published by the PMC Bank, the RBI said. This paves the way for ending nearly two anxious years for the PMC depositors whose over Rs 10,723 crore are still stuck in the crippled cooperative bank that has been under RBI administrator since September 2019. To launch SFB, the Centrum Group ..

Centrum gets RBI's in-principle nod to take over PMC Bank via SFB route

Approval given in accordance with the offer made by Centrum to take over the beleaguered Punjab and Maharashtra Cooperative Bank

RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra

In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year

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Budget 2021: The right formula for revival, says Centrum Group's J Bindra

The DFI should play a more dev­elopmental role in building greenfield infra projects, which could help achieve the target of Rs 5 trillion.

Centrum-BharatPe, Liberty group in race for beleaguered PMC Bank

Deal could mark the entry of corporates into UCBs

Centrum MicroCredit buys Altura Financial with its Rs 100-crore loan

Jaspal Bindra, executive chairman of Centrum, had earlier stated that its complete book is funded by term-loans from banks and the firm has not taken and commercial paper money or raised debentures