RBL Bank today said it has raised its stake in microlender Swadhaar FinServe to 100 per cent to expand its portfolio across geographies.
Financial details of the acquisition were however not disclosed.
RBL Bank had earlier held 60.48 per cent stake
Swadhaar FinServe founder Veena Mankar said: "With the 100 per cent acquisition by RBL Bank we have achieved the most favourable outcome for our customers and employees."
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