AU Small Finance Bank Limited
Kotak Mutual Fund decreased its stake in AU Small Finance Bank from 1.60% to 1.56%, reducing its shareholding by 294,228 shares. This follows the RBI's recent approval for the Kotak Mahindra Group to acquire up to a 9.99% stake in AU Small Finance Bank.
A retail-focused banking institution providing comprehensive financial services across India. AU Small Finance Bank operates in retail banking, wholesale banking, and treasury operations, serving customers through a diversified product portfolio. The bank specializes in extending credit and deposit services to underserved and emerging customer segments while maintaining a network of branches across urban and semi-urban markets throughout the country.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.