RBI approves 1729 Capital's increased stake in Suryoday Bank

Suryoday Small Finance Bank Limited has received post facto approval from the Reserve Bank of India (RBI) for 1729 Capital and its associates to hold an aggregate of 7.14% in the Bank. This approval was communicated on November 13, 2025.

The RBI's approval is contingent on adherence to the Banking Regulation Act, 1949, and RBI's Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies, updated January 16, 2023. Compliance with the Foreign Exchange Management Act, 1999, and SEBI regulations is also required.

Furthermore, the RBI stipulated that any future acquisition resulting in an aggregate shareholding above 5% will necessitate prior approval. Conversely, if the aggregate holding drops below 5%, prior RBI approval will be mandatory to increase it back to 5% or more.