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RBI allows AU SFB, Equitas Bank to deal with foreign exchange
April 20, 2023
The permission is subject to compliance of applicable regulations, it said.
In a separate filing, Equitas Small Finance Bank said it has also received Authorized Dealer Category-I (AD-I) License from RBI.
Recently, RBI approved re-appointment of Sanjay Agarwal as managing director and CEO of AU Small Finance Bank for a period of three years.
The re-appointment is valid with effect from April 19 till April 18, 2026, AU Small Finance Bank said in a statement.
Besides, it said the regulator has also cleared the re-appointment of Uttam Tibrewal as the whole-time director for a period of three years.
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