Archive · 10 Aug 2025
AU Small Finance Bank Approved to Become Universal Bank
AU Small Finance Bank, started by Sanjay Agarwal, is now allowed to become a bigger bank.
This means they can do more business and reach more people.
It all started with helping people get loans for their vehicles in Jaipur.
In 2017, the company became a small finance bank.
Now, it's a successful bank.
Sanjay Agarwal is the one who made it happen, and it shows how a small company can grow to be very big.
He believes in providing financial services to everyone.
AU Small Finance Bank (SFB) received RBI approval to become a universal bank.
Sanjay Agarwal, the bank's MD & CEO, founded AU Financiers in 1996, focused on vehicle finance.
AU Financiers transitioned to AU SFB in 2017 after the RBI introduced the SFB category.
AU SFB is now one of India's most valuable banks, with over Rs 55,000 crore market capitalization.
Agarwal's family holds a significant stake in the bank, with his own stake valued at nearly $1 billion.
- Who
- Sanjay Agarwal, MD & CEO of AU SFB, and the Reserve Bank of India (RBI).
- What
- AU Small Finance Bank received approval from the RBI to become a universal bank.
- When
- As of December 2024.
- Where
- Jaipur, Rajasthan
- Why
- To expand the bank's reach and banking services to more customers.
- AU SFB Market Cap
- Over Rs 55,000 crore
- AU SFB Founded
- 1996 (as AU Financiers)
- AU SFB Universal Bank Approval
- December 2024
- Agarwal Family Stake
- 21.4%
- Sanjay Agarwal's Stake
- 15.73% (worth nearly $1 billion)
- Number of Banking Touchpoints
- Over 2,505
