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AU SFB first in a decade to get universal bank licence
Financial Express Pune
|August 08, 2025
AU SMALL FINANCE Bank has received in-principle approval from the Reserve Bank of India (RBI) to transition into a universal bank — the first one in over a decade.
Bandhan Bank and IDFC First Bank got their banking licences in 2015, a year after securing the RBI's in-principle nod. AU SFB also becomes the first small finance bank to become a universal bank.
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