Mumbai, Maharashtra, India, July 2026 — AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in more than a decade to receive in-principle approval from the Reserve Bank of India (RBI) for its proposed transition to a Universal Bank, today announced the elevation of Mr. Yogesh Jain as Deputy Chief Executive Officer (Deputy CEO), effective July 25, 2026, following approval by the Bank’s Board of Directors.
The elevation reflects AU SFB’s commitment to strengthening its leadership architecture as the Bank continues to scale its franchise, advance its technology-led transformation and pursue its long-term strategic ambitions.
A Chartered Accountant with over two decades of experience in the financial services industry, Mr. Jain has been associated with AU for more than 16 years and has played a pivotal role in the institution’s journey from a leading NBFC to India’s largest Small Finance Bank. During his tenure, he has successfully led several critical functions, including capital mobilisation, treasury management, financial institutions, strategic planning, operations, technology, digital banking, credit cards, customer experience and unsecured lending.
As Chief Operating Officer, Mr. Jain has been instrumental in driving AU’s enterprise transformation agenda, leading technology modernisation, digital innovation and operational excellence across the organisation. He has contributed significantly to building scalable platforms, enhancing customer experiences and enabling AU’s evolution into a technology-driven and customer-centric financial institution.
In his new role, Mr. Jain will continue to work closely with Mr. Sanjay Agarwal, Founder, MD & CEO, to drive enterprise-wide execution, strengthen operational excellence, accelerate digital transformation and support the Bank’s long-term growth agenda.
His elevation underscores AU SFB’s focus on leadership continuity, institution-building and creating a future-ready organisation positioned for sustainable growth in an evolving banking landscape.
AU Small Finance Bank Limited (AU SFB) is a Scheduled Commercial Bank and has established itself as India’s largest Small Finance Bank since commencing its banking operations in April 2017. Founded in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU is entering its 10th year as a Bank, guided by a deep rooted “Dharma” of customer centric service. Over three decades, AU has built a sustainable and inclusive financial institution that empowers underserved and under reached communities through a robust retail led banking model. The Bank has received an in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank.
With deep customer insights across India, AU provides comprehensive banking solutions spanning deposits, loans, credit cards, premium banking, remittance services, merchant solutions, insurance, and investments. As a tech led bank, AU delivers differentiated digital experiences through innovations such as 24×7 Video Banking, WhatsApp Banking, chatbots, UPI QR solutions, merchant lending, and its award-winning AU 0101 app.
AU SFB’s wide network of 2,920 banking touchpoints across 21 States and 4 Union Territories enables service to more than 1.2 crore customers, powered by a workforce of 58,400+ employees. As on 30th June 2026, Bank had shareholders’ funds of ₹20,885 cr, deposit base of ₹1,57,727 cr, total loan portfolio of ₹1,44,250 cr and a balance sheet size of ₹1.9 Lac cr+.
AU SFB is listed on NSE and BSE. Its fixed deposits are rated AA+/Stable by CRISIL Ratings, while its long-term/subordinated debt/Tier II Bonds are rated AA/Stable by CRISIL, CARE and ICRA Ratings. Its short-term rating is A1+ by CRISIL, CARE and India Ratings.
Read Also : When HR “Produces Nothing”: A Response to Jennifer Sey’s Anti-HR Vision
The Fine Balance: Navigating Work, Life, and Mental Wellbeing
Mind the Leadership Gap – From Learning to Real-World Impact
How the Adecco Group is empowering its employees for the future of work
