Centrum Capital’s step down subsidiary -- Centrum Financial Services (CFSL) has received in-principle approval from the Reserve Bank of India (RBI) to establish a Small Finance Bank (SFB). Resilient Innovations (BharatPe), one of India's fastestgrowing fintech companies, will be an equal partner.
The RBI’s in-principle approval is a validation of Centrum’s proven expertise in financial services and BharatPe’s Digital Leadership, both essential for setting up a New Age Bank. Starting off with existing capabilities of an NBFC and a Fintech, active and potential customer base, digital reach and technology, should enable the SFB to scale up quickly. The SFB will be guided by the directions and timelines of the RBI on the amalgamation of Punjab & Maharashtra Co-Operative Bank.
Centrum Capital is an investment banking company, which offers a range of financial services in the areas of equity capital market, private equity, corporate finance, project finance and stressed asset resolution.
