DBS Bank India acquires a 9.9% stake in Svakarma Finance – DBS Bank India Ltd has acquired a 9.9% stake in Svakarma Finance for delivering relevant financial solutions to micro-enterprises through a combination of direct lending and co-lending. Svakarma Finance is a non-deposit-taking, non-banking finance company.
- DBS Bank India is looking for expanding franchises across over 300 locations and over 500 branches and envisages significant growth in SME and consumer businesses.
- It will also identify opportunities to support lending to micro-enterprises in a cost-efficient manner through its own expanded franchise as well as through partners.
- Svakarma Finance is present in Gujarat, Maharashtra, and Tamil Nadu and is looking to expand its network across the country.
★★★★ You Can Also Read ★★★★
| Computer Awareness Quiz Questions Set (Banking) |
| Read Daily Current Affairs Topic Wise |
| Daily Current Affairs Quiz (Current GK Test) |
| Static Gk Quiz Questions and Answers |
📣 Prepare Exams is now on Facebook, Twitter, Instagram, YouTube Channel, and Google News to get all the latest News first Like, Follow and bookmark our website @ PrepareExams.com.
For all the latest Updates, download PrepareExams App