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Shivalik Small Bank nears deal for ManiBhavnam Home Finance after RBI nod
Business
Published on 13 May 2026
The acquisition hinges on one more key clearance
Shivalik Small Bank has received Reserve Bank of India approval to acquire ManiBhavnam Home Finance, sources say. The bank is now seeking clearance from the Registrar of Companies, a step expected to complete the process. The proposed deal reportedly combines share swaps with a cash payment, pointing to a structured transfer rather than a simple purchase.
- Shivalik Small Bank has RBI approval for the acquisition
- Registrar of Companies clearance is the next hurdle
- Deal structure reportedly includes share swaps and cash
- Sources say the process is moving toward completion
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times