AU Small Finance Bank Limited (AUSFB) has announced a significant change in its senior management. Rajeev Yadav, who served as the Deputy CEO of the bank, has resigned from his position to pursue other opportunities.

Resignation Details

The bank disclosed the following key information regarding Yadav's departure:

Official Communication

AUSFB officially communicated this development to the National Stock Exchange of India Ltd. and BSE Limited on October 31, 2025. The bank's disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provided transparency about the change in senior management.

Yadav's Farewell

In his resignation letter addressed to the Managing Director & CEO of AU Small Finance Bank, Yadav expressed his gratitude for the support and opportunities provided during his tenure. He acknowledged the difficulty of his decision and extended his best wishes for the bank's continued success.

Impact and Next Steps

While the bank has accepted Yadav's resignation, it has not yet announced any immediate plans for his replacement. The departure of a senior executive like the Deputy CEO could potentially impact the bank's strategic direction and operations in the short term.

As AU Small Finance Bank navigates this transition, stakeholders will be keen to observe how the bank manages its leadership structure and continues to pursue its business objectives in the competitive banking sector.

This development marks a significant change for AU Small Finance Bank and may be of interest to investors, employees, and industry observers alike.

AU Small Finance Bank has recently outlined its financial expectations and targets during a conference call update, providing insights into its strategic direction and growth plans.

Key Financial Targets

Credit Cost Management

AU Small Finance Bank expects to maintain its credit costs below 1% of average total assets. This target suggests the bank's confidence in its risk management practices and the quality of its loan portfolio.

Ambitious Loan Growth

The bank has set a target for loan growth, aiming to achieve 2 to 2.5 times the nominal GDP growth rate. This goal indicates the bank's expansion strategy in the lending sector, potentially outpacing the overall economic growth.

Operational Efficiency

AU Small Finance Bank aims to keep its cost-to-income ratio below 60%. This target reflects the bank's focus on operational efficiency and its efforts to manage expenses while driving revenue growth.

These projections provide a glimpse into AU Small Finance Bank's financial strategy, highlighting its focus on balanced growth, risk management, and operational efficiency. As the bank works towards these targets, it may potentially strengthen its position in the banking sector.