RBL Bank raises its stake in Swadhaar FinServe to 100%

Private sector lender RBL Bank has fully acquired Mumbai-based financial product distribution firm Swadhaar FinServe Pvt Ltd where it had 60.49 percent holding earlier.

Swadhaar has now become fully owned subsidiary of the bank, the bank said in a regulatory filing to stock exchanges.

RBL has purchased 35.94 percent from Accion International and 3.58 percent from promoters and others.

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