On Tuesday, the RBI added AU SFB to the list, since FII holding in the company is close to the limit of 49% permitted for small finance banks. More From Livemint »ALSO READ: AU Small Finance Bank IPO subscribed 18% on Day 1“We are in discussions with RBI to address this caution list (issue). Agarwal said small finance banks were allowed to have foreign shareholding up to 49%, and that AU had foreign holding of 47.11%. The Jaipur-based small finance bank, which serves low and middle-income individuals and small businesses has set a share price band of Rs355-358 for the IPO. AU Small Finance Bank was one of the 10 non-banking finance companies (NBFCs) that obtained approvals from RBI for setting up a small finance bank in September 2015.

Source: Mint June 29, 2017 02:26 UTC