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.
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