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.