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AU Small Finance Bank Limited ( (IN:AUBANK) ) has shared an update.
AU Small Finance Bank Limited has received approval from the Department of Financial Services, Ministry of Finance, to increase its foreign investment limit from 49% to 74% of its paid-up capital. This strategic move is expected to provide the bank with greater flexibility and capacity for foreign investment, aligning with the consolidated FDI Policy and Foreign Exchange Management Rules. The approval is anticipated to strengthen the bank’s market position and attract more foreign investors, thereby enhancing its growth potential.
More about AU Small Finance Bank Limited
AU Small Finance Bank Limited operates in the financial services industry, focusing on providing a range of banking products and services. The bank primarily serves retail and small business customers, aiming to enhance financial inclusion across India.
Average Trading Volume: 244,472
Technical Sentiment Signal: Buy
Current Market Cap: 716.9B INR
For detailed information about AUBANK stock, go to TipRanks’ Stock Analysis page.