AU Small Finance Bank announced board decisions including the appointment of Mr. Phani Shankar as a Non-Executive Independent Director. Mr. Vivek Tripathi is appointed as Whole-Time Director (Executive Director). Furthermore, Mr. Uttam Tibrewal will conclude his term as Whole-Time Director but remains Deputy CEO. These leadership updates aim to bolster governance and sustain the Bank’s growth.
New Independent Director
Mr. Phani Shankar has been appointed as a Non-Executive Independent Director, effective January 20, 2026, for a term of three years, pending shareholder approval. He has over three decades of financial services experience.
Executive Director Appointment
Mr. Vivek Tripathi, currently Chief Credit Officer, will now serve as Whole-Time Director (Executive Director) for a three-year term, subject to regulatory and shareholder approvals.
Executive Transition
Mr. Uttam Tibrewal will conclude his current term as Whole-Time Director on April 18, 2026, after nine years, but will continue as Deputy CEO, focusing on key business verticals and new geographies.
Resignation
Mr. Divya Sehgal resigned as Non-Executive Non-Independent Director effective end of business hours on January 20, 2026. The resignation is attributed to the completion of the Fincare SFB integration and other professional commitments.
Director Tenure Completion
Mr. V G Kannan completed his second term as Independent Director on January 21, 2026.
ESOP Amendment
The Board approved an amendment to the “AU Employees Stock Option Plan 2023” to increase the total number of options to 5,00,00,000 (Five Crore) from 2,00,00,000 (Two Crores).
Registrar and Share Transfer Agent Update
There is a change in the Registrar and Share Transfer Agent (RTA) for specific Non-Convertible Debentures (NCDs). MUFG Intime India Private Limited will replace KFin Technologies Limited. The change will enhance operational efficiency and centralize securities management.
Q3 2026 Financial Highlights
The bank reported an Interest Earned of ₹4,72,746.63 lakh for Q3 2026, up from ₹4,11,347.53 lakh in Q3 2025. Net Profit after tax for Q3 2026 was ₹66,765.64 lakh.
Source: BSE
