November 05, 2024 13:26 (IST)
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RBI permits SBI Mutual Fund to acquire 9.99% paid-up share capital in IndusInd Bank

RBI permits SBI Mutual Fund to acquire 9.99% paid-up share capital in IndusInd Bank

Mumbai: The Reserve Bank of India (RBI), on Wednesday, granted permission to SBI Mutual Fund (SBIMF) to acquire up to 9.99% of paid-up share capital or voting rights in Induslnd Bank.