New Delhi [India], October 20 (ANI/SRV): Anshumman Joshi-led Dhanvarsha Group, a leading business conglomerate engaged in several sectors including finance and banking, will be investing Rs 150 crore in the share capital of the Samarth Sahakari Bank Ltd. Solapur to convert it into a Small Finance Bank as per the Reserve Bank of India (RBI) norms. The Group executed a Private Placement Agreement pertaining to an investment of Rs. 150 crores into the bank as per Section 12 of the Banking Regulations Amendment Act 2020. The Agreement for Private Placement was recently signed by Anshumman Joshi, Chairman, of Dhanvarsha Group. On behalf of the Samarth Sahakari Bank, it was signed by Chairman Dilip Yashwant Atre. Samarth Sahakari Bank Ltd, Solapur, is a leading bank in Solapur in the cooperative sector with 32 branches across Maharashtra. Key Highlights: - The move aims to make Solapur's Samarth Sahakari Bank a Small Finance Bank - Agreement for Private Placement has been executed as per
Get latest articles and stories on Business at LatestLY. Anshumman Joshi-led Dhanvarsha Group, a leading business conglomerate engaged in several sectors including finance and banking, will be investing Rs 150 crore in the share capital of the Samarth Sahakari Bank Ltd. Solapur to convert it into a Small Finance Bank as per the Reserve Bank of India (RBI) norms. The Group executed a Private Placement Agreement pertaining to an investment of Rs. 150 crores into the bank as per Section 12 of the Banking Regulations Amendment Act 2020. Business News | Anshumman Joshi-led Dhanvarsha Group Executes Rs 150 Crore Private Placement Agreement with Samarth Sahakari Bank Ltd.