Equitas got RBI's nod for scheme of amalgamation
Sat, Jul 10, 2021 4:12 PM

Equitas got RBI's nod for scheme of amalgamation

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Equitas Small Finance Bank on July 10 declared in a regulatory filing that it got Reserve Bank of India's approval for scheme of amalgamation. Apart from this, RBI has also advised that any 'no objection', if and when given on the Scheme of Amalgamation, would be without prejudice to the powers of RBI to initiate action if licensing guidelines are violated.

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