This is with reference to our letters dated October 17, 2025 and December 26, 2025 informing about Board and Shareholders approval for the re-appointment of Mr. Sanjay Agarwal (DIN: 00009526) as Managing Director & CEO of the Bank for a period of 3 (three) years w.e.f. April 19, 2026, subject to approval of the Reserve Bank of India. In this regard, we wish to inform you that the Reserve Bank of India vide its letter dated February 12, 2026 has approved the re-appointment of Mr. Sanjay Agarwal as Managing Director & CEO of the Bank for a period of 3 (three) years w.e.f. April 19, 2026.
AUBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
AU Small Finance Bank has received approval from the Reserve Bank of India for the re-appointment of Mr. Sanjay Agarwal (DIN: 00009526) as Managing Director & CEO. The re-appointment is for a period of 3 years, effective April 19, 2026. The Bank's Board and shareholders had already approved this re-appointment earlier in October and December 2025, subject to RBI clearance. The RBI formally cleared the re-appointment via its letter dated February 12, 2026. This ensures continuity of leadership at the helm of the Bank.
Provides leadership continuity and stability for shareholders. Removes regulatory uncertainty around the CEO's tenure, which is mildly positive for investor confidence.