Money & Banking

South India Bank gets RBI nod for setting up non-financial subsidiary

Our Bureau Mumbai | Updated on August 05, 2020

South Indian Bank (SIB) on Wednesday said the Reserve Bank of India (RBI) has accorded in-principle approval for setting up a wholly owned non-financial subsidiary.

“We wish to inform you that Reserve Bank of India vide letter…dated 04-08-2020, received today, has accorded In-Principle approval for setting up of a Wholly Owned Non-Financial Subsidiary for undertaking activities permitted by RBI,” the Kerala-based Bank said in a regulatory filing.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on August 05, 2020
This article is closed for comments.
Please Email the Editor