trending Market Intelligence /marketintelligence/en/news-insights/trending/89CoP33j7Rqh3XCaaeSM4Q2 content esgSubNav
In This List

RBL Bank acquires stake in Utkarsh Micro Finance

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


RBL Bank acquires stake in Utkarsh Micro Finance

RBL BankLtd. acquired a 9.99% stake in Utkarsh Micro Finance Ltd. andagreed to extend its product portfolio to Utkarsh Micro Finance customers.

The deal has received all necessary regulatory approvals, thebank said Sept. 30.

Utkarsh Micro Finance was one of the companies that receivedin-principle approvalfrom the Reserve Bank of India to set up a small finance bank. The company isexpected to start operations soon.

Financial details of the transaction were not disclosed.