- October 2023, AU It has been announced that Small Finance Bank and Fincare Small Finance Bank will merge.
- The source of this announcement is AU. made by the Small Finance Bank’s Board of Directors.
- The Reserve Bank of India and the Competition Commission of India must now provide clearance for this announcement.
- Before the merger proposal is sent to the RBI for final approval, the merger requires the consent of at least two-thirds of the shareholders of each bank.
- AUS Sanjay Aggarwal is the Small Finance Bank’s managing director at the moment.
- Its main office is situated in Jaipur.
- The Banking Regulation Act of 1949 governs and regulates small finance institutions.
