August 7, 2025

universal bank

Finance

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

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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