2 weeks ago
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Kotak Mahindra Bank has received the RBI support to get up to 9.99% each successful AU Small Finance Bank and Federal Bank.
In abstracted regulatory filings connected Thursday (May 7, 2026), AU Small Finance Bank and Federal Bank announced that they person received the support missive from the Reserve Bank of India connected May 6.
Kotak Mahindra Bank Ltd (KMBL) (along with its subsidiaries, the funds/schemes managed by KMBL’s subsidiaries, collectively referred to arsenic 'Kotak Mahindra Group') has received the RBI motion to get 'aggregate holding' of up to 9.99% of the paid-up stock superior oregon voting rights successful AU SFB, AU Small Finance Bank said.
Similarly, Federal Bank, successful a BSE filing, said the RBI has accorded its support to Kotak Mahindra Bank for acquiring 'aggregate holding' of up to 9.99% of the paid-up stock superior oregon voting rights of the bank.
Shares of AU Small Finance Bank were trading astatine ₹1,034.60, up 0.99% implicit the erstwhile adjacent connected the BSE.
Federal Bank shares were trading 1.47 % up astatine ₹297.40. Kotak Mahindra Bank scrip was quoting 1.12% higher astatine ₹380.40.
