The Reserve Bank of India has officially approved the elevation of Vivek Tripathi to the position of executive director at AU Small Finance Bank for a term of three years, effective from Friday. This move highlights the bank's commitment to fostering internal leadership and establishing a long-term succession plan. Tripathi, who has over 20 years of experience in the financial services sector, previously served as the chief credit officer at AU Bank. His extensive background includes roles at ICICI Bank, Reliance Capital, and the Aditya Birla Group. Sanjay Agarwal, the bank's founder and managing director, emphasized that Tripathi's appointment is part of a structured succession strategy as the bank prepares for its next phase of growth. AU Small Finance Bank received its universal banking license from the Reserve Bank of India in August 2022 and is currently undergoing a transition process.