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RBI Approves Stake in Suryoday Small Finance Bank
11 Dec
Summary
- RBI granted prior approval for stake acquisition in Suryoday Small Finance Bank.
- 1729 Capital and associates can acquire up to 9.99% stake.
- The approval was issued via a letter dated December 10, 2025.
The Reserve Bank of India has issued prior approval to 1729 Capital and its affiliated entities regarding their interest in Suryoday Small Finance Bank. This regulatory green light, conveyed through a letter dated December 10, 2025, permits the investors to collectively acquire a significant holding in the bank.
Specifically, 1729 Capital and its associates are now authorized to secure an aggregate holding of up to 9.99% of Suryoday Small Finance Bank's paid-up share capital. This also extends to voting rights within the institution, signifying a notable investment.
This development comes after the investor group formally applied for the stake acquisition. The RBI's approval is a crucial step, enabling the next phase of this strategic move in the Indian banking sector.
