If you are a professional stock trader or if you track the equity market actively, check out our Real-time EquityWireIf you track the bond or forex market or the macro economy actively, check out our Real-time MoneyWireIf you track agri commodities, precious metals or base metals actively, check out our Real-time CommodityWire
Informist, Thursday, Aug. 7, 2025
--RBI approves AU Small Finance Bank's transition into universal bank
MUMBAI – The Reserve Bank of India Thursday gave in-principle approval to AU Small Finance Bank Ltd. to transition into a universal bank, the central bank said in a release. The small finance bank had applied for the universal banking license in September.
In April 2024, the banking regulator laid out guidelines for the voluntary transition of small finance banks into universal banks. AU Small Finance Bank is the largest small finance bank in India by assets and market capitalisation.
The small finance bank has a network of over 2,505 banking touchpoints across 21 states and four Union territories. It had a customer base of over 11.5 million and a workforce of more than 53,000 as of June 30. The bank's net profit for the June quarter rose 15.6% on year and 15.3% on quarter to INR 5.81 billion. A rise of nearly 60% in other income, driven largely by treasury income, boosted the bank's bottom line.
Outlining its expansion and growth plans, the bank's management had said after the earnings that it aims to open new branches in top cities of the country. "Our well-structured distribution channels are scaling efficiently, enabling us to deepen customer relationships and expand our deposit base sustainably," it said. "This year, we will add around 70-80 new deposit branches, mostly in the top cities," it added.
Shares of AU Small Finance Bank closed 1.1% higher at INR 743.25 on the National Stock Exchange Thursday. End
Reported by Aaryan Khanna and Kabir Sharma
Edited by Rajeev Pai
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
Share this Story:
