AU Small Finance Bank Limited is an Indian scheduled commercial small finance bank[2] and India’s largest[3] tech-led[4] small finance bank, based in Jaipur. It was founded as vehicle finance company and NBFC, AU Financiers (India) Ltd in 1996 and converted into a full-fledged small finance bank on 19 April 2017.[5]
The same year, AU Small Finance Bank first became a Fortune India 500 Company, and got listed on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE). AU Small Finance Bank ranked 355 in the list of Fortune India 500 (2019) companies, with total B/S assets of ₹31,198.68 crore (US$3.9 billion).[6][7] AU Bank enjoys long term credit rating of "AA-/Stable" from CRISIL Ratings,[8] ICRA Ratings,[9] India Ratings[10] and CARE Ratings.[11]
As a small finance bank, AU Small Finance Bank serves low and middle income individuals and micro and small businesses that have limited or no access to formal banking and finance channels. The Bank offers loans, deposits and payment products and services.[12]
With effect from April 1, AU Small Finance Bank has successfully acquired Fincare Small Finance Bank, the first merger of its kind involving small finance banks.[13]
The Bank has a net worth of ₹12,167 Crore, deposit base of ₹80,120 Crore, Gross Advance of ₹67,624 Crore and a Balance sheet size of ₹1,01,176 Crore (as of 31st December, 2023).[14]
^ ab"AU Small Finance Bank Ltd reports net profit of Rs. 424.63 crores in Q4 FY2023". EquityBulls. 25 April 2023. Retrieved 27 June 2023.
Smallfinancebanks (SFB) are a type of niche banks in India. Banks with a SFB license can provide basic banking service of acceptance of deposits and...
is an Indian businessperson, Chartered Accountant and founder of AUSmallFinanceBank, where he is currently[when?] serving as the Managing Director &...
"NSDL Payment Bank Annual Report" (PDF). nsdlbank.com. NSDLBank. 31 March 2021. Retrieved 4 November 2021. "AUSmallFinanceBank". Reserve Bank of India....
propasal of amalgamation of Fincare SmallFinanceBank into AUSmallFinanceBank. The combined entity to rename Fincare into AU from April 1, 2024 and the shareholders...
"Collectorate". "Canara Bank Limited Agar Malwa Branch". "AuSmallFinanceBank Limited Agar Malwa Branch". "Bank Of Baroda, Agar Malwa, Branch". "Bank Of India Agar...
founder and chairman of Dainik Bhaskar Sanjay Agarwal, MD & CEO of AUSmallFinanceBank Shishir Bajoria, Chairman, SK Bajoria Group Narendra Bansal, founder...
Insurance entered into a distribution agreement with Bajaj Finance. April 03, 2018: AUSmallFinanceBank partnered with Future Generali India Life Insurance...
with banks, fintechs and e-commerce players. Initially it will go live with AUSmallFinanceBank, Axis Bank, HDFC Bank, IDFC First Bank, and YES Bank. During...
inaugurated by the then Union Finance Minister, Manmohan Singh.[citation needed] In February 2000, Times Bank merged with HDFC Bank, which was India's first-ever...
Southern Bank. Great Southern Bank. Retrieved 18 January 2024. "Our credit rating". greatsouthernbank.com.au. "Work with us". Great Southern Bank. Retrieved...
Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. It was the biggest housing finance company in India...
the World Bank, India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry. ICICI Bank was established...
the burgeoning economic crisis of 2008. The Summit of G20 Finance Ministers and Central Bank Governors, who prepare the leaders' summit and implement their...
Adb.online.anu.edu.au. Archived from the original on 24 May 2011. Retrieved 25 December 2012. "Top Australian Banks". Corporate Finance Institute. Retrieved...
Australian Military Bank". www.australianmilitarybank.com.au. Retrieved 6 July 2023. "About us | Australian Mutual Bank". australianmutual.bank. Retrieved 30...
Finisher. "Launching the AuBank Jaipur Marathon in London". Finisher Magazine. Retrieved 6 February 2021. "It's raining Records at AUBank Jaipur Marathon, India's...
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the bank announced divestment of PT Bank Commonwealth to Bank OCBC NISP. Commonwealth Bank is one of the major Australian banks known to be financing and...
supplier of vendor finance to small businesses and middle market companies. In that year, BOQ launched a new slogan "Your own personal bank" which was replaced...
Structured Finance Support Fund (SFSF). The investment from the AOFM made Judo Bank the first recipient of capital from the government's $2 billion small and...
by Manmohan Singh, then finance minister of India. In 2001 UTI Bank agreed to merge with Global Trust Bank, but the Reserve Bank of India (RBI) withheld...