AU Small Finance Bank (AU SFB) has received approval from the Reserve Bank of India (RBI) for ICICI Prudential Asset Management Company Limited (I-Pru AMC) to acquire an aggregate holding of up to 9.95% of the bank’s paid-up share capital or voting rights. This approval covers I-Pru AMC, schemes of ICICI Prudential Mutual Fund, funds under AIF managed by I-Pru AMC, and clients of PMS of I-Pru AMC. The approval is contingent on adherence to various financial regulations.
RBI Nod for Stake Acquisition
AU Small Finance Bank (“AU SFB”) announced that it has received an official letter from the Reserve Bank of India (RBI) dated September 8, 2026. This letter grants approval to ICICI Prudential Asset Management Company Limited (“I-Pru AMC”) to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in AU SFB.
Scope of Approval
The approval encompasses “I-Pru AMC” itself, along with the various investment schemes it manages, including those of ICICI Prudential Mutual Fund, funds under Alternative Investment Funds (AIF) managed by I-Pru AMC, and clients managed through Portfolio Management Services (PMS) of I-Pru AMC. This consolidated approval allows for a significant stake to be held by entities associated with ICICI Prudential in AU Small Finance Bank.
Regulatory Compliance
The approval granted by the RBI is subject to AU Small Finance Bank’s strict compliance with all relevant provisions of the Banking Regulation Act, 1949, and other applicable directives from the RBI. Furthermore, compliance with the Foreign Exchange Management Act, 1999, regulations issued by the Securities and Exchange Board of India (SEBI), and any other pertinent statutes, regulations, and guidelines is mandatory.
Notification to Exchanges
This information is being shared with the National Stock Exchange of India Ltd. and BSE Limited for their records and for onward communication to their respective stakeholders. The reference number for this communication is AUSFB/SEC/2026-27/217, dated September 09, 2026.
Source: BSE
