The RBI has relaxed a key condition for AU Small Finance Bank's transition to a universal bank, removing the immediate requirement for a non-operative financial holding company (NOFHC) unless new ...

Instead, the regulator now said the NOFHC structure will be required only if the bank or its promoter proposes to establish any group entity in the future ...

So, in case the bank or its promoter/ promoter group wants to get into any other business like mutual fund or insurance post becoming a universal bank then they will need to form NOFHC ...

Algeria’s largest bank enters the European market with a cloud-native core banking launch to drive its universal banking ...

Reserve Bank of India has eased a key condition for AU Small Finance Bank as it transitions to a universal bank, removing the mandatory requirement for promoters to hold shares through a non-operative ...

Andrey Rappoport is an international investor with a strategic vision for capital management and extensive experience leading ...

At BT Best Banks Awards 2026, Sanjay Agarwal, MD & CEO, AU Small Finance Bank, was honoured as the Business Transformation Leader of the Year (Private and SFBs).

Millions of pensioners and benefit claimants will receive payments early in April 2026 due to bank holidays. See when your money arrives.

Rising food prices and limited job opportunities have pushed the Marshall Islands to try a bold economic experiment.

Notifying DWP is easy. If you’re now part of a couple that live together, just go to your online Universal Credit account, go ...

Over the past fifty years, women's literacy in Iran has significantly improved due to government initiatives and changing ...