New Delhi, Aug. 8 -- AU Small Finance Bank shares will be in focus when the Indian stock market opens for trade on Friday. The Small Finance Bank (SFB) has received in-principle approval from the Reserve Bank of India (RBI) for transition from an SFB to a universal bank. This RBI nod came after the SFB's letter dated 3 September 2024, requesting a universal bank license from the Indian Central Bank. The in-principle approval from the RBI in this regard came on 7 August 2025. With this approval, AU Small Finance Bank becomes the first SFB to receive an in-principle approval to become a Universal Bank.

The RBI gave its approval to the AU Small Finance Bank for universal bank license on Thursday, saying, "It may be recalled that the Guideli...