AU Small Finance Bank aims to become universal bank in 3-5 years :

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     AU Small Finance Bank aims to become universal bank in 3-5 years : AU Small Finance Bank, which received RBI's approval to merge Fincare Small Finance Bank with itself last week, aims to become a universal bank or full-scale bank in the next 3-5 years. "This year we want to stabilise the merger first and really want to showcase to the world that the team can manage complex issues of merger in terms of technology integration, people management, product availability, customer service and offerings," AU Small Finance Bank MD and CEO Sanjay Agarwal said. Although the Fincare branches would become outlets of AU Small Finance Bank from April 1, the entire integration process would take 9-12 months, he said. "The way we have grown ourselves in the last 28 years, the ultimate destination is universal (banking licence). We are not in a hurry... of course, in the next 3-5 years we will become (a universal bank)," he told PTI in an interaction. - economic times.

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SBI, Bank of Baroda gets encouraging response for digital rupee

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