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Recently A.U. Merger of Fincare Small Finance Bank with Fincare Small Finance Bank has been announced

Category : Business and economics
Published on: November 01 2023 Share on facebook

  • 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.
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