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

     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.

Comments

POPULAR

SBI, Bank of Baroda gets encouraging response for digital rupee

HDFC Bank merger catalyzed loan growth, d the loan growth of the combined entity,

Paytm nodal account: Axis Bank to get “fee and float” boost

Bank of Baroda board to finalize tranche of debt instruments for affordable housing

RBI grants payment aggregator licence to Mswipe Technologies :

CAIIB Rural Banking Module A Unit 7 : Issues Concerning Rural Areas (New Syllabus)

MONEY EXCEL

Theory of Probability

Four PSBs may get approval to raise funds in H1 of FY25

RBI changes loan rules: New norms likely to boost policy transmission, benefit existing borrowers, say experts