#Banking News & Updates By @HubofCA:
• BharatPe CEO assures PMC Bank depositors as Centrum-BharatPe get in-principle approval from RBI
• It’s a bank, PMC will be part of, it’s not takeover, says Centrum's Jaspal Bindra
• Fake Covid tests for Kumbh: Max Corporate moves HC against FIR
• RBI allows Centrum to set up small finance bank, paves way for takeover of fraud hit PMC Bank
• IDBI Bank invites bids to divest stake in Asset Reconstruction Company
• RBI grants in-principle approval to Centrum to own PMC Bank via SFB route
• YES Bank removes fraud tag on Avantha Holdings after forensic audit
• CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities
• UK's Apis Partners and others invest $45 million in RenewBuy
