Small Finance Bank
AU SFB gets RBI nod for CEO Sanjay Agarwal’s third extension
RBI approves reappointment of Sanjay Agarwal as AU Small Finance Bank MD & CEO for 3 more years from 19 April 2026.
RBI approves reappointment of Sanjay Agarwal as AU Small Finance Bank MD & CEO for 3 more years from 19 April 2026.
The Reserve Bank of India (RBI) has approved the reappointment of Sanjay Agarwal as AU Small Finance Bank managing director and CEO.
The reappointment is for another three years and is effective 19 April 2026.
This is Agarwal’s third term at AU SFB.
The RBI nod has come at a time when AU SFB is in the process of upgrading into a universal bank. Earlier, AU SFB had received in-principle approval from the RBI to transition into a universal bank.
Agarwal first became MD of AU Financiers on 14 February 2008, and subsequently MD & CEO of AU Small Finance Bank on 19 April 2017, when the institution transitioned into a bank.
Since then, each of his terms, including the ongoing one from 19 April 2023 to 18 April 2026, has been approved by the RBI, AU SFB said in a statement.
