Category : Business and economicsPublished on: November 01 2023
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AU in October, 2023 Merger of Small Finance Bank with Fincare Small Finance Bank has been announced.
This announcement was made by AU. Made by the Board of Directors of the Small Finance Bank.
Now this announcement will have to take permission from the Competition Commission of India and the Reserve Bank of India.
The merger requires that both banks receive the approval of at least two-thirds of their respective shareholders before the merger proposal is submitted to the RBI for final approval.
AU The current Managing Director of Small Finance Bank is Sanjay Aggarwal.
Its headquarters is located in Jaipur.
Small finance banks are governed and regulated by the Banking Regulation Act, 1949.
