IndusInd Bank has picked up a 2.58% stake in Satin Creditcare Network, by converting debentures which the private lender had subscribed earlier. The stake buys in Satin, which was first announced in 2017, comes days ahead of the merger of Bharat Financial Inclusion with IndusInd Bank on July 4.
IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.