Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 133)
133.
Which bank has successfully acquired Sonata Finance Private Limited for a total consideration of approximately Rs.537 crore?
Answer: Option
Explanation:
Kotak Mahindra Bank's acquisition of Sonata Finance Private Limited for approximately Rs. 537 crore demonstrates its strategic move to strengthen its presence in the microfinance sector. This acquisition allows Kotak Mahindra Bank to expand its financial services offerings and tap into new market segments, showcasing its commitment to strategic growth and diversification in the banking industry.
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