AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO

Lender has rolled out platform to provide customers with a full-suite of digital banking services, including face-to-face interaction with a banker over video call

Jaipur-based private lender AU Small Finance Bank is looking to morph into a universal banking entity in two or three years to enhance capacity for more business and offer additional services.

The bank has already finished four years as a small finance bank. It needs to be functional for five years to be eligible for becoming a universal banking entity. It will complete five years as an SFB next April, the lender's managing director and chief executive Sanjay Agarwal said.

Asked if the transition to a universal bank could happen in two-three years, Agarwal said "it should be". Its stock