AU Small Finance Bank Approves Fund Raising Limits

The board of AU Small Finance Bank approved annual renewal of fund raising limits up to Rs 5,000 crore via private placement, QIP or preferential allotment, according to an exchange notification on Saturday.

The board also approved the annual renewal of fund raising limits by bonds and non-convertible debentures or other debt securities for an amount not exceeding Rs 6,000 crore. This is subject to approval of the shareholders. The said approval shall remain valid for a period of 12 months from the date of shareholders’ approval.

The board also approved the appointment of Jagajit Mangal Prasad as Non-Executive Independent Director (Additional Director), with effect from July 1, 2025, for a period of three years on the recommendation of Nomination and Remuneration Committee.