RBI granted AU Small Finance Bank ‘in-principle’ approval on August 7 to transition into a Universal Bank, following the bank’s voluntary application submitted on September 3, 2024.

AU Small Finance Bank (AUSFB) Thursday received the Reserve Bank of India’s (RBI) ‘in-principle’ approval to transition into ...

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AU Small Finance Bank has received the RBI's in-principle approval to become a universal bank—the first such licence in nearly a decade. This move allows AU to expand operations, issue larger loans, ...

Chartered accountant Sanjay Agarwal, who began lending to small businesses in Rajasthan in 1997, has won RBI’s first ...

US President Donald Trump’s additional tariffs on India will further damage the South Asian nation’s already slowing economy ...

The RBI's new Non-Fund Based Credit Facilities Directions, 2025, will make it easier and cheaper for Indian corporates, SPVs, ...

AU Small Finance Bank has received the Reserve Bank of India's in-principle nod to operate as a universal lender.The ...

Ministry of Finance addresses Lok Sabha questions on misuse of SARFAESI Act, detailing existing safeguards for borrowers and ...

A universal bank status would allow AU SFB to scale up operations by offering larger loans, serving a wider customer base, ...