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AU Small Finance Bank gets RBI

AU Small Finance Bank gets RBI's in-principle nod for universal bank licence

07 Aug 2025, 19:01 PM

The in-principle nod to operate as a universal bank was granted under the RBI's process for small finance banks to graduate to universal bank status.

RBI sets up committee to evaluate universal banks, SFB applications

RBI sets up committee to evaluate universal banks, SFB applications

21 Jan 2025, 03:47 AM

The Standing External Advisory Committee has been set up by RBI to assess the eligibility of applicants seeking to operate as universal banks and small finance banks.

Slice completes merger with North East SFB

Slice completes merger with North East SFB

05 Nov 2024, 02:45 AM

The fintech startup Slice announced the merger proposal in October 2023, and it received approval from the NCLT, along with necessary regulatory approvals,

Fintech Highlights

  1. Slice launches second UPI-integrated branch in Gurugram

  2. BharatPe in advanced talks to raise $80-$100 million in pre-IPO round

  3. ICICI hikes minimum balance requirement; Draws flak from Kotak exec

  4. BharatPe reports adjusted profit before tax of Rs 6 crore in FY25

  5. Infibeam transferring e-commerce biz to subsidiary Rediff
  6. Read more news...

AI/Emerging Tech

  1. Nvidia, AMD agree to pay 15% of high-end AI chip revenue from China to US govt

  2. Deeptech robotics startup Neuralzome Cybernetic bags pre-seed funding

  3. xAI legal lead Robert Keele steps down

  4. OpenAI launches 'smart', less hallucinating GPT-5

  5. Google launches personal learning companion tool in Gemini
  6. Read more news...

Editor's Pick

  1. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality

  2. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

  3. RBI vs Government: The battle over India’s digital payments ecosystem explained