AU Small Finance Bank’s Board approved key leadership changes, including the appointment of Mr. Phani Shankar as a Non-Executive Independent Director for a 3-year term, effective January 20, 2026. Mr. Vivek Tripathi will become a Whole-Time Director. Mr. Uttam Tibrewal will complete his current term as Whole-Time Director. The Board also approved increasing the total number of employee stock options to 5,00,00,000. Furthermore, they have approved the change in RTA for certain NCDs to MUFG Intime India Private Limited.
New Independent Director
Mr. Phani Shankar has been appointed as a Non-Executive Independent Director (Additional Director) to the Board. His term is for 3 years, starting January 20, 2026, contingent upon shareholder approval.
Executive Leadership Evolution
Mr. Uttam Tibrewal, currently Whole-Time Director and Deputy CEO, will conclude his term on April 18, 2026. He will remain as Deputy CEO and continue leading key business verticals, while devoting more time to on-ground engagement. Mr. Vivek Tripathi, Chief Credit Officer, has been appointed as Whole-Time Director (Executive Director) for a term of 3 years, subject to regulatory and shareholder approvals.
Resignation
Mr. Divya Sehgal, Non-Executive Non-Independent Director, has resigned from the Board, effective end of business hours on January 20, 2026.
Tenure Completion
Mr. V G Kannan, Independent Director, completes his second tenure on January 21, 2026.
ESOP Amendment
The Board has approved an amendment to the “AU Employees Stock Option Plan 2023”, increasing the total number of employee stock options to 5,00,00,000 options from 2,00,00,000 options.
Registrar and Share Transfer Agent Changes
MUFG Intime India Private Limited has been appointed as the new Registrar and Share Transfer Agent (RTA) for specific Non-Convertible Debentures (NCDs). The changeover will be implemented after the necessary formalities are completed. The effective transition date will be announced later.
Q3 2026 Financial Performance
The Unaudited Financial Results of the Bank for Q3 2026 reflect an interest income of ₹4,72,746.63 lakh. Total income stood at ₹5,45,126.43 lakh. Net profit after tax was ₹66,765.64 lakh. Gross NPAs were 2.30%, and Net NPAs were 0.88%.
Source: BSE
