Current Affairs - Finance - Discussion
Discussion Forum : Finance - Latest Current Affairs (Q.No. 231)
231.
Which bank has received the Reserve Bank of India's (RBI) approval to acquire a 100% stake in micro-lender Sonata Finance?
Answer: Option
Explanation:
Kotak Mahindra Bank has received the Reserve Bank of India's (RBI) approval to acquire a 100% stake in micro-lender Sonata Finance valued at approximately Rs 537 crore. This acquisition is expected to help Kotak Mahindra Bank expand its reach in the microfinance sector and offer a wider range of products and services to its customers.
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