AU SFB gets RBI boost for transition to universal bank | Jaipur News
Jaipur: The RBI has eased a structural hurdle for AU Small Finance Bank’s transition to a universal bank, waiving the earlier requirement that promoter holdings be shifted into a Non-Operative Financial Holding Company. The revised condition, communicated in an RBI letter dated March 6, 2026, stated that the NOFHC structure will only be necessary if…