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Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. [6] As of December 2023, the bank has 1,869 branches and 3,239 ...
Feb 15, 2023 · The acquisition of Sonata Finance, according to the bank, will help to expand its reach in rural areas. Kotak Mahindra Bank CEO Uday Kotak. (file image) Kotak Mahindra Bank announced the ...
Mar 28, 2024 · Updated On Mar 28, 2024 at 02:24 PM IST. Kotak Mahindra Bank has acquired 100% of the issued and paid-up capital of Sonata Finance Pvt Ltd for a total consideration of approximately Rs 537 crore, the private setor lender said on Thursday. Sonata Finance is a non-banking finance company, or a micro finance institution registered with the Reserve ...
Oct 20, 2023 · Kotak-Mahindra-Bank. The Reserve Bank of India (RBI) has approved Kotak Mahindra Bank's acquisition of Sonata Finance Pvt Ltd and making it a business correspondent subsidiary, the private lender ...
Oct 20, 2023 · Kotak Mahindra, on Friday, received approval from the Reserve Bank of India to acquire Sonata Finance for ₹ 537 crore, the company said in its filing on Friday. Kotak Mahindra Bank's shares were ...
Mar 28, 2024 · As previously communicated in February 2023 and October 2023, the Kotak Mahindra Bank had expressed its intention to acquire Sonata Finance. Now finalized, this acquisition brings Sonata's ...
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Date- 10th February, 2023 : Kotak Mahindra Bank Limited announces acquisition of Sonata Finance, a Leading Microfinance Institution. Kotak Mahindra Bank announced that it has executed binding share purchase agreement(s) to acquire 100% of equity shares of Sonata Finance Private Limited, a leading microfinance institution, subject to regulatory and other approvals, including from Reserve Bank of India for an aggregate all-cash consideration of ~₹ 537 crore.
