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AU Small Finance Bank - First Universal Bank
August 12 , 2025
17 hrs 0 min
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- AU Small Finance Bank (AU SFB) received in-principal approval from the Reserve Bank of India (RBI) to transition from a Small Finance Bank (SFB) to a Universal Bank.
- This marks AU SFB as the first Small Finance Bank in India to get RBI approval for universal banking status.
- AU Small Finance Bank began operations in 1996 as AU Financiers and became a Small Finance Bank in April 2017.
- The bank is India’s largest Small Finance Bank by scale and service reach.
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