AU Small Finance Bank Limited has informed the Exchange regarding 'Reserve Bank of India s in-principle approval for transition from a Small Finance Bank into Universal Bank'.
AUBANK · price
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AU Small Finance Bank has received in-principle approval from the Reserve Bank of India to transition from a Small Finance Bank into a Universal Bank, becoming the first SFB in India to get this approval. The bank had applied for this transition on September 3, 2024, under RBI's voluntary conversion framework issued in April 2024. As of June 30, 2025, AU has a deposit base of ₹1,27,696 crore, total loan portfolio of ₹1,17,624 crore, balance sheet size of over ₹1.60 lakh crore, and serves 1.16 crore customers through 2,505+ banking touchpoints. The bank has Shareholders' Funds of ₹17,800 crore, 53,000+ employees, and is rated AA/Stable by major rating agencies. Founded in 1996 by Sanjay Agarwal, AU started banking operations in April 2017 and is listed on both NSE and BSE.
This is a major positive milestone for shareholders — AU can now offer a full spectrum of banking products and services, strengthen its brand, access diversified deposit sources, and likely see a reduction in cost of funds over the medium to long term, which should support growth and profitability.