Kotak Mahindra Bank Ltd (KMBL) (together with its subsidiaries, the funds/schemes managed by KMBL’s subsidiaries) are collectively referred to as Kotak Mahindra Group. File photograph
Kotak Mahindra Bank has obtained the RBI approval to acquire up to 9.99% each in AU Small Finance Bank and Federal Bank.
In separate regulatory filings on Thursday (May 7, 2026), AU Small Finance Bank and Federal Bank introduced that they’ve obtained the approval letter from the Reserve Bank of India on May 6.
Kotak Mahindra Bank Ltd (KMBL) (together with its subsidiaries, the funds/schemes managed by KMBL’s subsidiaries, collectively referred to as ‘Kotak Mahindra Group’) has obtained the RBI nod to acquire ‘mixture holding’ of up to 9.99% of the paid-up share capital or voting rights in AU SFB, AU Small Finance Bank stated.
Similarly, Federal Bank, in a BSE submitting, stated the RBI has accorded its approval to Kotak Mahindra Bank for buying ‘mixture holding’ of up to 9.99% of the paid-up share capital or voting rights of the financial institution.
Shares of AU Small Finance Bank had been buying and selling at ₹1,034.60, up 0.99% over the earlier shut on the BSE.
Federal Bank shares had been buying and selling 1.47 % up at ₹297.40. Kotak Mahindra Bank scrip was quoting 1.12% greater at ₹380.40.
Published – May 07, 2026 10:57 pm IST