31-August-2025
Banking
 
AU Small Finance Bank gets RBI green light to become universal bank
08-Aug-2025

The Reserve Bank on Thursday said it has decided to grant ‘in-principle’ approval to AU Small Finance Bank for transition into a universal bank. After getting the SFB licence in 2015, AU Financiers commenced its journey as a small finance bank in April 2017.

News Source:- https://www.financialexpress.com/business/banking-finance-rbi-clears-au-small-finance-banks-move-to-become-a-universal-bank-3939823/?ref=hometop_hp