While other banks, such as Axis Bank, Canara Bank, ICICI Bank, HDFC Bank, etc., have enabled UPI services for Non-Resident External (NRE) and Non-Resident Ordinary (NRO) account holders, AU Small Finance Bank (AU SFB) has also now joined the list. “The bank has launched UPI services for its NRE and NRO account holders with international mobile numbers. This rollout follows the National Payments Corporation
AU Small Finance Bank has become the first small finance bank in over a decade to secure a universal banking licence from the banking regulator. The approval marks a significant shift in the bank’s operational scope, explains Ashvin Parekh l Why a universal banking licence is rarely granted THE RARITY OF universal banking licences (UBL) reflects
The bank submitted its application to transition into a universal lender on September 3, 2024, under the RBI’s ‘on tap’ licensing guidelines (August 2016) and April 2024 framework for the voluntary conversion. “We have made history by receiving in-principle approval from the RBI to transition into a universal bank. This milestone is a reaffirmation of
Motilal Oswal Financial Services (MOSL) has released its latest sector update for the Indian banking space, projecting a cautious yet optimistic outlook for FY26. The brokerage anticipates systemic credit growth to revive in the second half of the fiscal and has identified ICICI Bank, HDFC Bank, and State Bank of India (SBI) as its top
Shares of AU Small Finance Bank Ltd. surged as much as 5% on Wednesday, April 23, in reaction to its fourth quarter results that were reported after market hours on Tuesday. For financial year 2027, the company has guided for High Return on Assets (RoA) Assets to contribute to 72% to 75% of its loan
Credifin, a non-banking financial company, has raised USD 24.9 million (Rs 213.6 crore) through a mix of equity and debt to fuel its growth in MSME mortgage loans and E-vehicle financing. New Delhi, Apr 17 (PTI) Credifin, a non-banking financial company, on Thursday said it has raised USD 24.9 million (Rs 213.6 crore) capital through