HOME WORLD INDIA BHOPAL BUSINESS ENTERTAINMENT SCIENCE & TECHNOLOGY SPORTS HEALTH
WTN SPECIAL GOSSIP CORNER RECIPES DRINKS FUN FACTS WTN HINDI
EDUCATION LIFESTYLE TRAVEL ART & LITERATURE BIG MEMSAAB OPINION & INTERVIEW BrahMos
ABOUT US PRIVACY POLICY SITEMAP CONTACT US
BREAKING NEWS
BKI terror module busted; key operative arrested with hand grenade in Punjab
Domestic equity investments cross Rs 5 lakh crore mark for third consecutive year
Pooja Singh’s seventh-place finish caps India’s three-medal World Athletics U20 campaign
Hansika Motwani's look in Rohith Nara's 'Kapaali' released
Cong has 'no standing' in UP, can benefit only through SP alliance: BJP's Brij Bhushan
Bengal's new industrial policy to prioritise investments in sectors with strong demand for ancillary units
Home / Business

Kotak Mahindra gets RBI nod to acquire Sonata Finance for Rs 537 crore

20 Oct 2023
Business
Kotak Mahindra gets RBI nod to acquire Sonata Finance for Rs 537 crore
“We now wish to update you that the RBI has, vide its letter dated October 19, 2023 … conveyed its approval to the Bank, for acquiring 100 per cent of the issued and paid up capital in Sonata and to make Sonata a Business Correspondent subsidiary of the Bank, Kotak Mahindra Bank said in its BSE filing.The approval has come through just ahead of Kotak Mahindra’s Q2 results to be announced on October 21. The acquisition of Sonata Finance will help the company to expand its presence in the northern states.--IANSpannu/dan

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)