<h1>Reserve Bank Approves Small Finance Bank's Transition to Universal Bank Status Under New Regulatory Framework</h1> The Reserve Bank granted in-principle approval to a small finance bank for its transition into a universal bank. The institution, which began operations as a small finance bank in 2017 after receiving its license in 2015, currently operates over 2,500 banking outlets across multiple states and union territories. It serves a customer base exceeding one crore and employs more than 53,000 individuals as of mid-2025. This regulatory approval marks a significant change in the bank's operational scope and regulatory framework.