ANI reports Dhanvarsha Group, a business conglomerate active in several sectors including finance and banking, will invest Rs 150 crore in the share capital of Samarth Sahakari Bank, Solapur to convert it into a small finance bank in keeping with the RBI guidelines.
The agreement was recently signed by Anshumman Joshi, Chairman, Dhanvarsha Group. On behalf of the Samarth Sahakari Bank, it was signed by the Chairman Dilip Yashwant Atre.
Samarth Sahakari Bank is a leading bank in Solapur in the cooperative sector with 32 branches across Maharashtra.