Yahoo India Web Search

Sign In

Search results

  1. People also ask

  2. www.moneycontrol.com › news › businessMC Explains | Why did Kotak Mahindra buy Sonata Finance?

    Feb 15, 2023 · Kotak Mahindra Bank announced the acquisition of 100 percent of the equity shares of Sonata Finance, a non-banking finance company-microfinance institution, on February 10. Here’s an explainer...

  3. economictimes.indiatimes.com › industry › bankingKotak acquires Sonata Finance in ₹537-crore all-cash deal

    Feb 10, 2023 · Kotak Mahindra Bank, a private lender, has bought micro-finance company Sonata Finance for ₹537 crore in an all-cash deal. Sonata Finance will be a wholly owned subsidiary of the bank and will cater to economically weaker and underserved households in rural and semi-urban markets.

  4. www.kotak.com › content › damKotak Mahindra Bank Limited Announces Acquisition of Sonata ...

    Kotak Mahindra Bank announced that it has acquired 100% of Sonata Finance, a leading microfinance institution, in February 2023. The acquisition adds ~9 lakh women customers and 502 branches across 10 states to the Bank's network.

  5. economictimes.indiatimes.com › industry › bankingKotak Mahindra Sonata finance: Kotak Bank acquires Sonata ...

    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. The acquisition makes Sonata a wholly-owned subsidiary of Kotak Bank.

  6. www.moneycontrol.com › news › businessRBI approves Kotak Mahindra Bank's acquisition of Sonata Finance

    Oct 20, 2023 · 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 said in...

  7. www.moneycontrol.com › news › businessKotak Mahindra Bank acquires Sonata Finance for Rs 537 crore

    Mar 28, 2024 · Sonata Finance becomes a wholly-owned subsidiary of the Kotak Mahindra Bank as the bank acquired 100% stake in the company for Rs. 537 crore.

  8. bfsi.economictimes.indiatimes.com › news › nbfcKotak Mahindra Bank acquires Sonata Finance for Rs 537 crore

    Mar 28, 2024 · Kotak Mahindra Bank Acquires Sonata Finance: Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs. 2,620 crore as of December 31, 2023. With this acquisition, Sonata has become a wholly-owned subsidiary of the Bank.