Kotak Mahindra Bank (Photo: Shutterstock)
Kotak Mahindra Bank has acquired the RBI approval to purchase up to 9.99 per cent each in AU Small Finance Bank and Federal Bank.
In separate regulatory filings on Thursday, AU Small Finance Bank and Federal Bank introduced that they’ve acquired the approval letter from the Reserve Bank of India on May 6.
Kotak Mahindra Bank (together with its subsidiaries, the funds/schemes managed by its subsidiaries) has acquired the RBI nod to purchase ‘aggregate holding’ of up to 9.99 per cent of the paid-up share capital or voting rights in AU SFB, AU Small Finance Bank mentioned.
Similarly, Federal Bank, in a BSE submitting, mentioned the RBI has accorded its approval to Kotak Mahindra Bank for buying ‘aggregate holding’ of up to 9.99 per cent of the paid-up share capital or voting rights of the financial institution. Shares of AU Small Finance Bank have been buying and selling at ₹1,034.60, up 0.99 per cent over the earlier shut on the BSE.
Federal Bank shares have been buying and selling 1.47 per cent up at ₹297.40. Kotak Mahindra Bank scrip was quoting 1.12 per cent larger at ₹380.40.
Disclosure: Entities managed by the Kotak household have a big holding in Business Standard Pvt Ltd
First Published: May 07 2026 | 10:51 PM IST