,State Bank Of India), HDFC Bank and ICICI Bank acquired 9.54 per cent stake each in Perfios Account Aggregation Services Private Limited on Tuesday (Perfios AA,

These banks acquired 8,05,520 equity shares by paying Rs 4.03 crore each.

According to regulatory filings, the lenders bought the shares at a price of Rs 50.

investment will be subject to approval reserve Bank of India,

These banks disclosed that they or their affiliates or subsidiaries may, in the ordinary course of business, enter into business deals with Perfios AA at an arm’s length.

Bengaluru-based Perfios AA had a loss of Rs 0.09 crore (provisional) and Rs 3.4 crore (provisional) in FY22.

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