AU Financiers gets final licence from RBI to start small finance bank

AU Financiers (India) Ltd  has received the final licence from the Reserve Bank of India (RBI) to start a small finance bank, becoming the seventh entity to do so. AU Financiers was the only non-banking finance company (NBFC) among the 10 entities to receive in-principle approvals to start small finance banks in September 2015.

Source-The Hindu


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