PTI New Delhi

The Reserve Bank of India has rejected a proposal of Dia Vikas Capital to acquire more than 5 per cent stake in ESAF Small Finance Bank (ESAF SFB).  The move would force ESAF's promoter to find an alternative way to reduce its shareholding in the bank.

"The Reserve Bank of India vide email dated October 27, 2025 has informed that the acquisition of shares pursuant to the scheme by Dia Vikas Capital Private Limited, one of the identified shareholders under the scheme, in excess of 5 per cent of paid-up share capital of the bank cannot be acceded to," ESAF Small Finance Bank said in a stock exchange filing on Tuesday.

RBI returns Jana SFB's application for universal bank licence Jana Small Finance Bank on Tuesday said the RBI has returned its application to become a universal bank due to non-fulfilment of criteria. The Small Finance Bank's managing director and chief executive, Ajay Kanwal, said that in the communication received late on Monday evening, the regulator has not spelt out the exact reasons for returning the application made in June this year.

RBI to auction Govt Securities worth `32,000 crore on Friday

The RBI, on behalf of the GoI, has announced the sale (re-issue) of four dated Government Securities for a total notified amount of Rs 32,000 crore. The auction is scheduled to be held on October 31, 2025, while the settlement will take place on November 3. According to the RBI statement, the auction will include four Government Securities with varying maturities and coupon rates.