Regulatory7 May 2026, 08:53 am
RBI Approves Kotak Mahindra Bank's 9.99% Stake in AU SFB
AI Summary
AU Small Finance Bank (AU SFB) has received RBI approval, dated May 6, 2026, for Kotak Mahindra Bank Limited (KMBL), including its subsidiaries, to acquire up to 9.99% of the paid-up share capital or voting rights in AU SFB. The approval is subject to compliance with the Banking Regulation Act, FEMA, SEBI regulations, and other applicable statutes and guidelines.
Key Highlights
- RBI approves Kotak Mahindra Bank to acquire up to 9.99% stake in AU SFB.
- The approval is subject to compliance with relevant regulations.
- The stake acquisition includes KMBL's subsidiaries and managed funds/schemes.