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AU Small Finance Bank gets universal bank approval

August 7, 2025 at 07:17 PM UTC•By FilingReader AI

AU Small Finance Bank announced it received in-principle approval from the Reserve Bank of India to transition to a Universal Bank, becoming the first Small Finance Bank to achieve this status.

The approval allows AU to offer a full spectrum of banking products and services, including retail, business, and digital solutions. The bank expects this will strengthen brand acceptance, broaden access to diversified deposit sources, and reduce cost of funds.

As of June 30, 2025, AU reported shareholders funds of ₹17,800 crore, deposits of ₹1,27,696 crore, and total loans of ₹1,17,624 crore.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

In continuation to our letter no. AUSFB/SEC/2024-25/231 dated September 03, 2024 informing about application to the Reserve Bank of India ('RBI') to seek approval for voluntary transition ....August 7, 2025 at 02:42 PM UTC

AU Small Finance Bank

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