August 28, 2025

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AU Small Finance Bank has to fulfil one precondition to become universal lender

  • August 9, 2025

“My shareholding has to be shifted to the NoFHC structure, where we need to figure out the process and the modalities,” Agarwal said. “We just got it (the approval) last night, so it takes some time, but it should not be so complex in my opinion. Also, we need to change our name from AU

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Finance

AU Small Finance Bank set to become universal bank, gets RBI’s in-principle approval 

  • August 7, 2025

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

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