RBL Bank has completed the acquisition of additional 28.40% of the paid up equity share capital in Swadhaar FinServe on 08 November 2017. Following the acquisition, the bank’s total shareholding in Swadhaar has increased to 58.40%, thereby making it a subsidiary of the bank.
Recently, the bank had launched its digital product - Insta Redemption Solution - exclusively for LIC Mutual Fund, at the LIC Mutual Fund (MF) Head Quarters in Mumbai.
RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country.
