AU Small Finance Bank’s shareholders have approved three special resolutions to raise the bank’s borrowing limit up to ₹30,000 crore and enable fundraising through non-convertible debt and other permissible instruments.
The resolutions were passed at the bank’s 31st Annual General Meeting (AGM), held through video conferencing. The approvals will provide the bank greater flexibility to raise funds in one or more tranches, subject to applicable regulatory requirements.
Chairman highlights 5-S framework
AU Small Finance Bank, Part-time Chairman, Harun Rasid Khan spoke about the bank’s performance in FY26 against a backdrop of geopolitical uncertainties, global trade disruptions, evolving regulatory expectations and rapid technological changes.
He highlighted the progress made under the bank’s 5-S framework — Sound Financial Parameters, Sustainability of Long-Term Value, Service Excellence for Customers, Scalable and Secured Digital Infrastructure powered by AI, and Strong Governance, Risk and Compliance Guardrails.
The chairman also highlighted the bank’s financial performance, leadership and succession planning, financial inclusion and social impact initiatives, sustainability and green finance efforts, customer-centric digital innovations and expansion of AI-led capabilities.
Focus on technology-led transformation
Harun Rasid Khan reaffirmed the bank’s vision of building a “Forever Bank” and creating enduring value for customers, employees, communities and shareholders through responsible conduct, prudent decision-making and sustainable growth.
MD & CEO Sanjay Agarwal, highlighted the institution’s journey of more than three decades and its nine years as a bank. He described the RBI’s in-principle approval during FY26 for the transition to a Universal Bank as a significant milestone in AU’s evolution.
Agarwal outlined the bank’s business and financial performance, strong deposit and secured asset franchise, customer-centric approach and technology-led transformation. He also stressed the importance of governance, risk management, cybersecurity, compliance, financial inclusion and sustainability.
AI combined with human judgement
Agarwal said the bank’s strategic vision is to evolve into a technology-first institution by combining artificial intelligence with human judgement, responsibility and trust.
He highlighted the potential for this transformation to improve productivity, enhance customer experience, strengthen risk controls and empower employees.
Agarwal also pointed to opportunities arising from India’s growth story and reiterated the bank’s focus on long-term value creation, responsible banking and serving stakeholders with trust, discipline and purpose.