RBI granted approval on May 6, 2026 for Kotak Mahindra Bank to acquire up to 9.99% stake in AU Small Finance Bank.
Approval covers Kotak Mahindra Group entities including subsidiaries and managed funds/schemes for aggregate holding.
Acquisition is subject to compliance with Banking Regulation Act, FEMA, SEBI regulations, and other applicable statutes.
Disclosure made to NSE and BSE on May 7, 2026 under regulatory compliance requirements.