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RBL Bank acquires 100% stake in Swadhaar FinServe

28 Jun 2018 Evaluate

RBL Bank has acquired remaining stake in Swadhaar FinServe (Swadhaar) on June 28, 2018 and thereby increased its shareholding in Swadhaar to 100%. Accordingly, Swadhaar has now become a Wholly Owned Subsidiary of the Bank.

RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country.

Peers
Company Name CMP
HDFC Bank 715.50
ICICI Bank 1356.90
Axis Bank 1254.90
Kotak Mahindra Bank 415.95
Indusind Bank 964.20
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