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The fund house is now allowed to acquire up to 9.95% of CSB Bank, DCB Bank and AU Small Finance Bank, and Kotak Mahindra.
Investing.com -- Shares of several Indian banks closed at sharply different prices across the country’s two largest stock exchanges on Thursday, raising fresh concerns over India’s recently introduced closing auction system, Bloomberg reported.
AU Small Finance Bank (AU SFB), India's largest Small Finance Bank and the first institution in over a decade to receive in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank, has further enhanced its Non-Resident Indian (NRI) deposit offerings by revising interest rates on both Foreign Currency Non-Resident [FCNR(B)] Deposits and Non-Resident External (NRE) Fixed Deposits, effective 27th July 2026.
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