Kotak Mahindra Bank receives RBI approval for stakes in AU Small Finance Bank and Federal Bank

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Kotak Mahindra Bank received RBI approval to acquire up to 9.99% stakes in AU Small Finance Bank and Federal Bank. The Reserve Bank of India granted permission for Kotak Mahindra Bank, including its subsidiaries and managed funds, to hold an aggregate of 9.99% in each of the two banks. This approval allows for increased investment and potential strategic partnerships within the Indian banking sector.


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Kotak Mahindra Bank receives RBI approval for stakes in AU Small Finance Bank and Federal Bank | News Minimalist