Equitas Small Finance Bank has received approval from the Reserve Bank of India (RBI) for Mirae Asset Mutual Fund to acquire an aggregate holding of up to 9.50% in the bank’s paid-up share capital. This approval is valid for one year from the date of granting and is subject to compliance with various banking regulations. The announcement was made on June 01, 2026.
Key Regulatory Approval Granted
Equitas Small Finance Bank Limited has announced a significant development regarding its shareholding. On June 01, 2026, the Bank received an official intimation from the Reserve Bank of India (RBI) confirming the approval granted to M/s. Mirae Asset Mutual Fund. This approval permits the acquisition of an aggregate holding of up to 9.50% of the total paid-up share capital or voting rights in Equitas Small Finance Bank Limited (ESFBL).
Details of the Approval
The approval from the RBI is a crucial step that allows Mirae Asset Mutual Fund to increase its stake in ESFBL. The sanction is valid for a period of one year from the date it was granted. It is important to note that this approval is contingent upon M/s. Mirae Asset Mutual Fund’s strict adherence to all applicable provisions of the Banking Regulation Act, 1949, and the Reserve Bank of India (Commercial Banks-Acquisition and Holding of Shares or Voting Rights) Directions, 2025, among other relevant statutes and regulations.
Compliance and Future Outlook
The Bank acknowledges that this approval necessitates compliance with the provisions of the Foreign Exchange Management Act, 1999, and various regulations issued by the Securities and Exchange Board of India. Equitas Small Finance Bank will continue to operate under its established framework, ensuring all regulatory requirements are met. The intimation was formally made to the stock exchanges on June 01, 2026.
Source: BSE
