AU Small Finance Bank’s board has approved key leadership changes, including the appointment of Mr. Phani Shankar as an Independent Director and the transition of Mr. Uttam Tibrewal from his current role. Mr. Vivek Tripathi will be appointed as Whole-Time Director. The bank reported unaudited financial results for Q3 2026 with net profit of ₹667.6 million. The board also approved an amendment to the AU ESOP 2023, increasing the total number of employee stock options.
Leadership Appointments
The Board of Directors has approved the appointment of Mr. Phani Shankar as a Non-Executive Independent Director, effective January 20, 2026, for a term of three years, subject to shareholder approval.
Mr. Vivek Tripathi, Chief Credit Officer, will be appointed as Whole-Time Director (Executive Director), effective April 19, 2026, or the date of RBI approval, for a term of three years, subject to regulatory and shareholder approvals.
Executive Transition
Mr. Uttam Tibrewal will complete his term as Whole-Time Director on April 18, 2026. He will continue as Deputy CEO, leading key business verticals and focusing on growth and customer relationships.
Mr. Divya Sehgal has resigned as Non-Executive Non-Independent Director, effective end of business hours on January 20, 2026.
The Board acknowledged the completion of the tenure of Mr. V G Kannan as Independent Director on January 21, 2026.
Financial Performance
The Board reviewed and approved the unaudited financial results for Q3 2026. Key highlights include:
Net Profit: ₹667.6 million
Earnings per share (EPS): ₹8.94 (Basic) and ₹8.87 (Diluted)
Capital Adequacy Ratio (CAR): 19.01%
Amendment to Employee Stock Option Plan
The Board has approved and recommended to shareholders an amendment to the AU ESOP 2023, increasing the total number of employee stock options to 50,000,000 from 20,000,000.
Registrar and Share Transfer Agent Change
The Registrar and Share Transfer Agent (RTA) for specific Non-Convertible Debentures (NCDs) will change from KFin Technologies Limited to MUFG Intime India Private Limited.
Source: BSE
