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The RBI has also accorded its approval for the re-appointment of Uttam Tibrewal as whole time director of the bank for a period of three years w.e.f. 19 April 2023 till 18 April 2026.
"The shareholders had already approved the abovesaid re-appointment via postal ballot on 09th March, 2022,” AU Bank said in a statement.
AU Small Finance Bank (AU SFB/AU) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country.
The bank reported 30% jump in net profit to Rs 393 crore on a 41% rise in net interest income to Rs 1,153 crore in Q3 FY23 over Q3 FY22. Total income increased by 36% YoY to Rs 2,413 crore in Q3 FY23.
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