Reserve Bank of India’s (RBI) Jaipur Office has imposed penalty of Rs 10,000 on AU Small Finance Bank on account of ‘Cash-out’ in one of the Bank's ATM.
In March 2024, RBI’s Issue department, Mumbai Regional Office had imposed penalty of Rs 10,000 on AU Small Finance Bank on account of ‘Cash-out’ in one of the Bank's ATM.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
