RBI Approves Temasek Unit’s Stake Hike in AU Small Finance Bank:
The Reserve Bank of India (RBI) has granted approval to Zulia Investments, a subsidiary of Temasek Holdings, to increase its stake in AU Small Finance Bank to up to 7%. This move highlights Temasek’s growing interest in India’s financial sector and AU Small Finance Bank’s rising prominence. The Jaipur-based bank is the largest small finance bank in India, serving retail, micro, small, and medium enterprises (MSMEs) with a strong presence across the country.
