AU Small Finance Bank informed the stock market on Saturday that the Reserve Bank of India (RBI) has updated its in-principle approval given for converting from Small Finance Bank to Universal Bank. Earlier RBI had laid down the condition that after becoming a universal bank, the promoter’s stake would be held through a Non-Operative Financial Holding Company (NOFHC), but according to the new guidelines issued on March 6, 2026, now this condition of NOFHC will be applicable only if the bank or its promoter group wants to establish a new group entity in the future. In the information given to the exchange, the bank said that RBI has changed the conditions of its in-principal approval related to transition from Small Finance Bank to Universal Bank.
AU Small Finance Bank Share: Big relief from RBI, path for universal bank transition easy – Market
