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AU Small Finance Bank files for final universal bank licence after RBI eases key rule
Business
Published on 28 April 2026
RBI relaxed the holding company condition
AU Small Finance Bank has submitted its final application to the RBI for a universal banking licence, following a relaxation in the non-operative holding company requirement. The bank says it is ready for the upgrade on technology and product readiness after receiving in-principle approval last August, marking a major step toward becoming a full-fledged universal bank.
- AU Small Finance Bank filed for a final universal banking licence
- RBI eased the non-operative holding company requirement
- In-principle approval was granted last August
- Bank claims technology and product readiness for the transition
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times