AU Small Finance Bank (AU SFB) has received approval from the Reserve Bank of India (RBI) for Kotak Mahindra Bank Limited (KMBL) to acquire an aggregate holding of up to 9.99% of the bank's paid-up share capital or voting rights. The approval was communicated via a letter from the RBI dated May 6, 2026. This approval is contingent upon KMBL's compliance with various regulations, including the Banking Regulation Act, 1949, applicable RBI directions, the Foreign Exchange Management Act, 1999, and regulations issued by the Securities and Exchange Board of India (SEBI), along with any other relevant statutes and guidelines. The official communication was sent by AU Small Finance Bank on May 7, 2026, to the National Stock Exchange of India Ltd. and BSE Limited.
