RBI grants post facto approval to FPI “1729 Capital” for acquisition of 7.14% stake in Suryoday SFB

Reserve Bank of India (RBI) logo in the | Photo credit: FRANCIS MASCARENHAS The RBI has granted retrospective approval to “1729 Capital”, registered with SEBI as a foreign portfolio investor, and its associates for acquisition of a major stake (7.14 percent) in Suryoday Small Finance Bank (SSFB). Post facto approval means that permission is given […]