AU Small Finance Bank surges on getting RBI`s in-principle nod to become Universal Bank
AU Small Finance Bank is currently trading at Rs. 755.30, up by 11.30 points or 1.52% from its previous closing of Rs. 744.00 on the BSE.
The scrip opened at Rs. 800.00 and has touched a high and low of Rs. 800.00 and Rs. 750.10 respectively. So far 414296 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 840.95 on 02-Jul-2025 and a 52 week low of Rs. 479.00 on 18-Mar-2025.
Last one week high and low of the scrip stood at Rs. 800.00 and Rs. 723.45 respectively. The current market cap of the company is Rs. 56352.63 crore.
The promoters holding in the company stood at 22.85%, while Institutions and Non-Institutions held 66.55% and 10.59% respectively.
AU Small Finance Bank (AU) has received an in-principle approval from the Reserve Bank of India (RBI) to become a Universal Bank. With this, AU becomes the first Small Finance Bank in India to receive this in-principle approval to become a Universal Bank, a milestone shaped by purpose, perseverance and discipline.
This regulatory approval is a strong validation of AU’s robust business model, sound governance, and enduring commitment to financial inclusion. The application for this transition was submitted on September 3, 2024, under the RBI’s ‘on tap’ licensing guidelines (August 2016) and April 2024 framework for the voluntary conversion of Small Finance Banks to Universal Banks.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
