AU Small Finance Bank Limited — Important, 20-03-2025: Updates

AU Small Finance Bank has addressed ongoing rumors intended to cause panic among shareholders and manipulate its stock price. The bank firmly denies speculations regarding the resignation of its CFO, Mr. Vimal Jain, who has been with the bank since 2010 and remains in his position. Additionally, AU SFB has clarified that its application for voluntary transition to a Universal Bank is under review by the Reserve Bank of India (RBI), dismissing claims of a special audit. This misinformation is not new; similar rumors have circulated previously, creating unnecessary volatility in the stock. The bank emphasizes its commitment to stability and governance, with a strong independent board. AU SFB plans to take action against the sources of these false narratives to protect public trust in its operations and the banking sector.