Fincare Small Finance Bank-AU Small Finance Bank merger: Reserve Bank of India (RBI) has given the merger approval of Fincare Small Finance Bank with AU Small Finance Bank under the sub-section (4 ...

The Reserve Bank on Monday gave its approval to the USD 530 million all-stock merger of AU Small Finance Bank and Fincare Small Finance Bank. The effective date of amalgamation will be April 1 ...

AU SFB on October 30 announced that Fincare SFB will merge with the bank in effect from February 1, 2024. Organic growth takes time and may increase the operating expenses of small finance banks.