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भारतीय �रज़व�ब�क

RESERVE BANK OF INDIA

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संचारिवभाग, क� �ीयकायार्लय, एस.बी.एस.मागर्, फोटर्, मुंबई-400001

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Department of Communication, Central Office, S.B.S.Marg, Fort, Mumbai-400001

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January 25, 2022

The Punjab and Maharashtra Co-operative Bank Ltd. branches to operate as

Unity Small Finance Bank Ltd. branches from January 25, 2022

The Government of India has today sanctioned and notified the Scheme for the amalgamationof the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Bank) with Unity Small Finance Bank Ltd. (USFBL). The amalgamation will come into force with effect from the date of the notification of the scheme i.e. January 25, 2022. All the branches of the PMC Bank will function as branches of Unity Small Finance Bank Ltd. with effect from this date.

USFBL is making necessary arrangements to implement the provisions of the scheme.

The Scheme of amalgamation notified today envisages takeover of the assets and liabilities of PMC Bank, including deposits, by the USFBL in terms of the provisions of the scheme.

Press Release: 2021-2022/1616

(Yogesh Dayal)

Chief General Manager

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Reserve Bank of India published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 14:06:03 UTC.