 "RBL Bk gets right to hike stake in Swadhaar Fin to 100%")
After hiking stake to 60 per cent in Mumbai-based financial services products distributor Swadhaar FinServe (SFL), private lender RBL Bank has acquired rights to increase the stake to 100 per cent.
Early this month, RBL increased its stake in SFL, a captive business correspondent company, from 30 per cent to 60.48 per cent. With this, the business correspondent company is a subsidiary of the bank.
The bank in a statement said SFL is engaged in offering services to the financial inclusion segment covering micro, small and medium enterprises (MSME) and micro banking in rural and semi-urban areas.
The bank holds
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