AU Small Finance Bank Applies for Universal Banking License.

Banking & Finance | Dated: 21 Jan 2026

AU Small Finance Bank has formally applied to the Reserve Bank of India (RBI) for a voluntary transition to a Universal Bank. This makes it the first Small Finance Bank (SFB) to apply for a universal banking license under the RBI's 2016 "on-tap" licensing guidelines.

🎯 Key Highlights:

  • RBI recently appointed an external committee to evaluate such applications.
  • A universal license would allow AU Bank to offer a wider range of products and services.
  • AU Bank is the largest SFB in India by assets.

💡 Other Important Facts:

  • Bank: AU Small Finance Bank.
  • Action: Universal License Application.
  • HQ: Jaipur.

📚 Test Your Knowledge:

Which Small Finance Bank became the first to apply for a Universal Banking License under RBI guidelines?

Correct Answer: AU Small Finance Bank

🚀 Quick Recap:

About AU SFB

  • MD & CEO – Sanjay Agarwal
  • HQ – Jaipur, Rajasthan