Hot Pursuit     19-Apr-23
AU SFB gets RBI nod for authorized dealer licence
AU Small Finance Bank said that it has received approval from Reserve Bank of India (RBI) for Authorized Dealer Category-I (AD-I) licence.
“The Reserve Bank of India vide its letter dated 19 April, 2023 has granted licence to act as Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999 to deal in foreign exchange subject to compliance of applicable regulations in this regard,” the company stated in exchange filing.

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.

The scrip declined 2.16% to Rs 678.15 on the BSE

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