Current Affairs · Banking and Finance
In August 2025, the RBI granted in-principle approval to AU Small Finance Bank for conversion into a Universal Bank. Which of the following statements are correct regarding the transition guidelines? 1. AU SFB was originally licensed as an SFB in 2015 and began banking operations in April 2017. 2. To qualify for transition, a Small Finance Bank needs a minimum net worth of ₹1,000 crore and a GNPA less than or equal to 3% over the last two financial years. 3. AU SFB's proposal for universalization was submitted to the RBI in September 2024.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2✓
- 2Both 2 and 3
- 3Both 1 and 3
- 4Only 1
Correct answer
Both 1 and 2
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