The Punjab and Maharashtra Co-operative Bank Ltd. (PMC Bank) has been amalgamated with which of the following bank with effect from January 25, 2022?

January 27, 2022

A) Ujjivan Small Finance Bank
B) Fincare Small Finance Bank
C) Shivalik Small Finance Bank
D) Unity Small Finance Bank

Explanation: The Government of India on January 25, 2022 has sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Bank) with Unity Small Finance Bank Ltd. (USFBL).