India: RBI allows Temasek unit to raise stake in AU Small Finance Bank

India: RBI allows Temasek unit to raise stake in AU Small Finance Bank

FILE PHOTO: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas/File Photo

The Reserve Bank of India has given its approval to a Temasek unit to raise its stake in AU Small Finance Bank to up to 7%, the lender said on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter