The Competition Commission of India (CCI) has approved the proposed merger of Fincare Small Bank into AU Small Finance Bank.
The approval for the merger was given in October 2023 by the board of the bank following which it received the shareholder approval in November 2023. The merger is now awaiting the approval of the Reserve Bank of India (RBI).
AU SFB had then said that the merger will help the bank expand its reach, diversify the offerings and promote its financial inclusion portfolio.
