AU Small Finance Bank has collaborated with Intellect Design Arena, a global leader in AI-First, enterprise-grade financial technology, adopting its Purple Fabric platform. The partnership aims to accelerate the bank's journey towards becoming an AI-first bank and build a scalable, technology-led banking franchise powered by enterprise-wide intelligence.

The adoption of the Purple Fabric platform marks a significant milestone in the integration of enterprise AI within the Indian banking sector. By leveraging this technology, the bank intends to embed intelligence across customer journeys, operations, and decision-making processes. The platform is designed to provide a scalable foundation for enterprise-wide AI, built on model flexibility and domain-driven intelligence.

Strategic Objectives and Capabilities

The collaboration focuses on establishing a robust AI architecture that goes beyond ecosystem constraints to enable domain-driven innovation at scale. To accelerate this journey, the bank will utilize PF Credit agents, which are AI-powered decision engines. These agents are capable of analyzing customer data in real time, automating credit assessments, and enabling faster, more consistent lending decisions.

The Purple Fabric platform enables the bank to build and scale domain-specific AI agents across various business functions. It provides access to a multi-model LLM Hub, offering freedom of model choice, and allows for the processing and operationalization of unstructured data at an enterprise scale. Furthermore, the platform ensures seamless integration with existing technological ecosystems to modernize commercial banking offerings.

Operational Scale and Market Presence

AU Small Finance Bank operates a wide network of over 2,790 banking touchpoints across 21 States and 4 Union Territories. The bank serves over 1.2 crore customers and is supported by a workforce of 59,200+ employees. As of 31st March 2026, the bank reported significant financial metrics, including shareholders’ funds of ₹19,974 cr and a deposit base of ₹1,52,661 cr.

Leadership Commentary

Sanjay Agarwal, Founder, MD & CEO of AU Small Finance Bank, emphasized the bank's vision to become an AI-first bank by embedding intelligence into every layer of its business. He stated that the solution enables domain-led innovation at scale, helping the bank make faster decisions, strengthen risk assessment, and deliver personalized experiences to customers.

Ramanan SV, CEO-India & South Asia at Intellect Design Arena, highlighted that the real challenge in enterprise AI is scaling it into everyday business operations with consistency. He noted that Purple Fabric addresses this by providing a scalable foundation that brings together model flexibility, domain-driven intelligence, and enterprise-grade data orchestration.

AU Small Finance Bank Limited has initiated a postal ballot and remote e-voting process to seek member approval for the appointment of Mr. Vivek Tripathi (DIN: 11510604) as Director and Whole Time Director, designated as Executive Director, of the Bank. The notice, dated May 12, 2026, was filed with both BSE Limited and the National Stock Exchange of India Ltd. under reference number AUSFB/SEC/2026-27/75 on May 15, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment, if approved, will be for a period of three years commencing from April 24, 2026 to April 23, 2029.

Appointment Background and Board Approval

The proposed appointment reflects the Bank's organisational realignment to strengthen leadership depth in line with its increasing scale and complexity across businesses, risk, and compliance functions. Mr. Vivek Tripathi, who serves as Chief Credit Officer of the Bank, was evaluated by the Board of Directors at its meeting held on January 20, 2026, based on the recommendation of the Nomination and Remuneration Committee (NRC). The Reserve Bank of India subsequently approved the appointment vide its letter dated April 23, 2026, following which Mr. Tripathi assumed charge as Executive Director with effect from April 24, 2026. He is designated as a Key Managerial Personnel and Senior Management Personnel of the Bank.

Profile of Mr. Vivek Tripathi

Mr. Vivek Tripathi is 47 years of age and brings over two decades of experience in banking, risk management, and business management. He holds a B.E. from Devi Ahilya Vishwavidyalaya, Madhya Pradesh, an M.Tech. (Masters of Textiles) from VJTI, University of Mumbai, and a Post Graduate Diploma in Management from IIM Lucknow. He joined AU Small Finance Bank in 2014 and has held multiple leadership assignments over his 12-year tenure, including leading the Bank's Commercial Banking Business before assuming the role of Chief Credit Officer. Prior to joining the Bank, he held senior roles at ICICI Bank, Reliance Capital, and the Aditya Birla Group. He currently holds 1,40,034 equity shares in the Bank. His last drawn remuneration was ₹1.81 Crore (excluding stock options). As Executive Director, his oversight responsibilities will encompass Credit, Policy, Collections, and Legal Recovery functions.

Remuneration Details

The fixed pay proposed for Mr. Vivek Tripathi is detailed below:

In addition to fixed pay, Mr. Tripathi is entitled to free use of the Bank's car for conveyance and club membership. Variable pay will be determined based on his annual performance evaluation, as recommended by the NRC and approved by the Board, subject to RBI and shareholder approval. In accordance with RBI Directions on Compensation, total variable pay for a Whole-time Director shall not exceed 300% of fixed pay.

E-Voting Schedule and Process

The postal ballot notice was dispatched via e-mail on May 15, 2026, to all members holding shares as on the cut-off date of Friday, May 08, 2026. The Bank has engaged CDSL as its e-voting agency. The key dates for the e-voting exercise are as follows:

Members' voting rights are proportionate to their shareholding in the paid-up equity share capital of the Bank as on the cut-off date. Once a vote is cast on a resolution, it cannot be changed or recast. The Postal Ballot Notice is accessible on the Bank's website at www.au.bank.in , on the CDSL e-voting portal at www.evotingindia.com , and on the websites of BSE Limited and the National Stock Exchange of India Ltd.

Scrutinizer and Results

The Board of Directors has appointed CS Manoj Maheshwari (FCS: 3355), Practicing Company Secretary, as Scrutinizer to oversee the postal ballot voting process in a fair and transparent manner, with CS Priyanka Agarwal (FCS: 11138), Practicing Company Secretary, designated as Alternate Scrutinizer. The results of the remote e-voting, along with the Scrutinizer's Report, will be declared on or before Tuesday, June 16, 2026, and communicated to the stock exchanges and uploaded on the Bank's website. For queries related to the CDSL e-voting system, members may write to helpdesk.evoting@cdslindia.com or call the toll-free number 1800 21 09911. The notice has been signed by Manmohan Parnami, Company Secretary and Compliance Officer (Membership No.: F9999), from the Bank's registered office in Jaipur.