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    Question

    Which micro-lender has received approval from the

    Reserve Bank of India (RBI) for 100% stake acquisition by Kotak Mahindra Bank?
    A MicroFin Ltd. Correct Answer Incorrect Answer
    B Sonata Finance Correct Answer Incorrect Answer
    C TinyCredit Microfinance Correct Answer Incorrect Answer
    D NanoLoan Services Correct Answer Incorrect Answer
    E MiniCash Microcredit Correct Answer Incorrect Answer

    Solution

    Kotak Mahindra Bank has received Reserve Bank of India’s (RBI’s) approval to acquire 100 per cent stake in micro-lender Sonata Finance.

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