RBI Approves Mirae Asset MF's 9.5% Stake in Equitas SFB

The Reserve Bank of India (RBI) has granted approval to Mirae Asset Mutual Fund to acquire up to 9.50% of the paid-up share capital or voting rights in Equitas Small Finance Bank Limited (ESFBL). This approval is subject to compliance with the Banking Regulation Act, RBI directions, Foreign Exchange Management Act, SEBI regulations, and other applicable statutes. The approval is valid for one year from the date of the approval, which was intimated to the bank on June 01, 2026.