We hereby inform that AU Small Finance Bank ('AU SFB') has received RBI's letter dated May 6, 2026 according its approval to Kotak Mahindra Bank Limited ('KMBL') (along with its subsidiaries, ....
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AU Small Finance Bank has received RBI approval dated May 6, 2026 allowing Kotak Mahindra Bank Limited (along with its subsidiaries and managed funds) to acquire an aggregate holding of up to 9.99% of AU SFB's paid-up share capital or voting rights. The approval is subject to compliance with the Banking Regulation Act 1949, RBI directions, FEMA regulations, SEBI regulations, and other applicable statutes. This appears to be an initial or early-stage investment approval as the stake is capped just below the 10% threshold.
This approval signals Kotak Mahindra Group's intent to acquire a significant minority stake in AU Small Finance Bank, approaching the 10% regulatory threshold which may trigger additional disclosure or approval requirements for further purchases.