The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank.

Banking & Finance

The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank. As per the terms of scheme of amalgamation, Fincare Business Services, promoter of Fincare SFB, shall infuse Rs700 crore into Fincare SFB prior to the completion of the merger.


      In October 2023, the board of directors of AU Small Finance Bank (AU SFB) and that of Fincare Small Finance Bank (Fincare SFB) approved an all-stock merger of AU SFB and Fincare SFB.

     

     

 

     


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