AU Small Finance Bank, the first SFB in over a decade to receive in-principle approval from the Reserve Bank of India (RBI) to transition into a universal bank, on Friday announced RBI's nod for the reappointment of Sanjay Agarwal as its Managing Director & Chief Executive Officer.
The reappointment for a further period of 3 years is effective April 19, 2026, the bank said in a statement.
This follows earlier approvals from the Board on October 17, 2025, and shareholders on December 26, 2025, subject to RBI's confirmation, it said.
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Agarwal first became MD of AU Financiers on February 14, 2008, and subsequently MD & CEO of AU Small Finance Bank on April 19, 2017, when the institution transitioned into a bank, it said.
Since then, each of his terms -including the ongoing one from April 19, 2023 to April 18, 2026, has been approved by RBI, it said.
This latest approval marks his third consecutive RBI-sanctioned term post conversion, underscoring long-term stability, strong governance, and regulatory confidence in his leadership, it added.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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