https://www.taxtmi.com/news?id=51879 The Reserve Bank granted in-principle approval to AU Small Finance Bank to convert to a universal bank under the RBI 'on tap' licensing guidelines and the April 2024 voluntary conversion framework; AU submitted its application on September 3, 2024, and this is the first such in-principle approval given to a Small Finance Bank, authorising the bank to undertake steps toward becoming a full-service universal bank subject to applicable conditions. en-us Thu, 07 Aug 2025 21:01:04 +0530 Thu, 07 Aug 2025 21:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51879 The Reserve Bank granted in-principle approval to AU Small Finance Bank to convert to a universal bank under the RBI 'on tap' licensing guidelines and the April 2024 voluntary conversion framework; AU submitted its application on September 3, 2024, and this is the first such in-principle approval given to a Small Finance Bank, authorising the bank to undertake steps toward becoming a full-service universal bank subject to applicable conditions. News - Thu, 07 Aug 2025 21:01:04 +0530 https://www.taxtmi.com/news?id=51879