Question
Reserve Bank of India grants approval to SBI Funds
Management to acquire 9.99 per cent equity shares in which Small Finance Bank through various schemes managed by it?Solution
The Reserve Bank of India grants approval to SBI Funds Management to acquire 9.99 per cent equity shares in Equitas Small Finance Bank through various schemes managed by it. The said approval by RBI is subject to compliance with the relevant regulations issued by RBI and SEBI and is valid for one year till January 2, 2024. Learn Along: Deputy Governors: MK Jain, MD Patra, M Rajeshwar Rao and T. Rabi Sankar SBI Funds Management Headquarters: Tirunelveli MD & CEO: Shamsher Singh Equitas Small Finance Bank Headquarters: Chennai MD & CEO: Vasudevan P N
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