AU secures in-principle nod for universal bank

Aug 8, 2025 - 04:00
AU secures in-principle nod for universal bank

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RBI has granted AU Small Finance Bank in-principle approval to transition into a universal bank, marking the first such approval in a decade. Founded as an NBFC in 1996, AU became the largest SFB and the first to seek universal status under RBI's new framework.

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