Kotak Mahindra Bank acquires BSS Microfinance

Mumbai, Sept 30 (IBNS): Kotak Mahindra Bank Limited (Kotak), on Friday announced that it has executed binding share purchase agreement to acquire 99.49% of equity shares of BSS Microfinance Private Limited (BSS), a Non-Banking Finance Company, classified as a NBFC-MFI, from existing shareholders subject to regulatory and other approvals, including Reserve Bank of India.