08 Mar 2026 | 5 Mins Read
AU Small Finance Bank Receives RBI Waiver
Flipitmoney
AU Small Finance Bank Ltd received updated in-principle approval from RBI for transitioning to a Universal Bank. RBI relaxed the condition that promoter shareholding be held through a Non-Operative Financial Holding Company (NOFHC) unless a group entity is established in the future. The bank will submit its application for a Universal Banking license within specified timelines.