AU Small Finance Bank Gets RBI Nod for 7% Stake Sale to Temasek Holding
2025-02-13
Business Standard
In a significant development, the Reserve Bank of India (RBI) has given its approval to Temasek Holding to acquire up to 7% stake in AU Small Finance Bank. This move is expected to boost the bank's growth plans, which include its transition into a universal bank. AU Small Finance Bank, which commenced operations in April 2017, had submitted its application to the RBI in September last year. With this approval, the bank is poised to expand its services and strengthen its position in the Indian banking sector, driven by digital banking and financial inclusion initiatives, and backed by major investors like Temasek.
