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Sonata Finance distributes small loans that begin at Rs. 5,000 to Rs. 5,00,000 to poor women so they can start and expand simple businesses and increase their incomes. Sonata have more than 13 Years of experience in Financial Services. Sonata serves thousands of poor women across villages and urban slums in India.
Sonata has set itself a mission to "identify and motivate poor women in a cost-effective way and deliver them micro finance services in an honest, timely and efficient manner." In the meantime, Sonata commits to be professionally managed, operationally sustainable and financially profitable.
Kotak Mahindra Bank Limited Announces Acquisition of Sonata Finance, a Leading Microfinance Institution. Acquisition offers access to 502 branches across 10 states, adds ~9.0 lakh women customers. Strong presence in rural & semi-urban markets in the northern states of India, complimentary to Kotak Bank microfinance network .
Feb 10, 2023 · Private lender Kotak Mahindra Bank on Friday said it has acquired micro-finance company Sonata Finance for ₹537 crore in an all-cash deal. Sonata Finance will be a wholly owned subsidiary of the bank after receiving regulatory and other approvals, it said.
Mar 28, 2024 · Kotak Mahindra Bank announced the acquisition of NBFC Sonata Finance Pvt Ltd for Rs 537 crore. Sonata operates across 10 states through 549 branches, holding an Asset Under Management (AUM) of around Rs 2,620 crore as of December 31, 2023.
Mar 28, 2024 · Sonata, a Non-Banking Finance Company – Micro Finance Institution (NBFC-MFI) registered with the Reserve Bank of India (RBI), operates across 10 states through 549 branches. As of December 31,...
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...
Sonata Finance or SFPL, a microfinance institution will be a wholly owned subsidiary of the bank after receiving regulatory and other approvals. The deal is subject to regulatory and other...
Feb 10, 2023 · India's Kotak Mahindra Bank said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million) in an all-cash deal, in a push to strengthen lending to economically...
Sonata Finance Private Limited is a Microfinance company registered as NBFC-MFI (Non-Deposit taking) Non-Banking Finance Company withReserve Bank of India, with its registered office in...
