Kotak Mahindra Bank receives RBI approval to acquire up to 9.99% stake in AU Small Finance Bank

AU Small Finance Bank (AU SFB) has received RBI's letter dated 06 May 2026 according its approval to Kotak Mahindra Bank (KMBL) (along with its subsidiaries, the funds/schemes managed by KMBL's subsidiaries, collective referred as Kotak Mahindra Group) to acquire 'aggregate holding' of up to 9.99% of the paid-up share capital or voting rights in AU SFB.