Instead, the regulator now said the NOFHC structure will be required only if the bank or its promoter proposes to establish any group entity in the future ...

The MarketWatch News Department was not involved in the creation of this content. The global universal banking market is experiencing growth due to convenience for customers and competitive advantage.

RBI grants relief to AU Small Finance Bank on promoter holding norms for its Universal Bank transition, removing the ...

So, in case the bank or its promoter/ promoter group wants to get into any other business like mutual fund or insurance post becoming a universal bank then they will need to form NOFHC ...

At BT Best Banks Awards 2026, Sanjay Agarwal, MD & CEO, AU Small Finance Bank, was honoured as the Business Transformation Leader of the Year (Private and SFBs).

Does the name Alexander Gerschenkron ring a bell? For many readers of this column, I would imagine probably not. Among the Pantheon of famous practitioners of economics - a science that appears more ...

AU SFB remains well-positioned to sustain robust growth, aided by improving asset quality trends and structurally stronger deposit mobilisation following the universal banking transition, adds the ...

The RBI has relaxed a key condition for AU Small Finance Bank's transition to a universal bank, removing the immediate requirement for a non-operative financial holding company (NOFHC) unless new ...

The global universal banking market is experiencing growth due to convenience for customers and competitive advantage. However, regulatory constraints hinder market growth to some extent. On the ...