AU Small Finance Bank Share Price Jumps over 7% on Receipt of RBI Approval for Universal Bank License
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8 Articles
AU Small Finance Bank share price jumps over 7% on receipt of RBI approval for Universal Bank license
AU Small Finance Bank share price has shown a decent growth over the years. While the stock has fallen 8% in one month, it has rallied 27% in six months, and has gained 32% on a year-to-date (YTD) basis.
AU Small Finance Bank Share Price: AUBANK stock in focus as lender gets RBI nod to become universal bank
Shares of AU Small Finance Bank are in focus today as the Reserve Bank of India (RBI) has granted 'in-principle' approval to the lender for transition into a universal bank. With this, it becomes the first Small Finance Bank in India to receive in-principle approval to become a universal bank. The stock had ended the last trading session in the green after opening flat at Rs 734.70 on the BSE. During the day, it hit a high of Rs 745 and a low of…
AU Small Finance Bank shares zoom over 7% after RBI nod for universal bank transition - GAGA INDIA
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RBI Grants In-Principle Approval to AU Small Finance Bank for Transition to Universal Bank - India Seatrade News
The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to AU Small Finance Bank (AU SFB) for its transition from a Small Finance Bank to a Universal Bank, marking a major milestone in the lender’s growth journey. The approval follows AU SFB’s application to the RBI on September 3, 2024, seeking a voluntary shift to universal banking. The bank had disclosed the development in an exchange filing, terming the move a “significant step” …
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