Centrum Capital jumps as unit gets RBI license to deal in foreign exchange

Centrum Capital

30/12/2022 04:17

** Shares of investment banking company Centrum Capital Ltd
 CENC.NS  rise as much as 8.8% to 26 rupees, their biggest
intraday gain since Dec. 19
    ** CENC on Thursday reported that its unit, Unity Small
Finance Bank Ltd, received license from the Reserve Bank of
India (RBI) to deal in foreign exchange
    ** Approval is subject to a caveat that the bank would only
undertake transactions which an authorised dealer category – II
can undertake
    ** Nearly 326k shares change hands by 09:45 a.m. IST vs 1.0x
30-day avg of 332k shares
    ** Stock down 25.5% YTD up to last close
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))