28 Oct 2025 | 3 Mins Read
RBI bars Dia Vikas from acquiring more than 5% in ESAF Small Finance Bank
Flipitmoney
The Reserve Bank of India (RBI) rejected Dia Vikas Capital's proposal to acquire more than 5% stake in ESAF Small Finance Bank, forcing ESAF's promoter to find an alternative way to reduce its 53% stake. The move aims to comply with RBI Bank Ownership Directions 2023 and reduce promoter shareholding to 26% by 2032.