AU Small Finance was founded in 1996 as a vehicle finance company. It was converted into a small finance bank on 19 April 2017. It serves financial products to low and middle-income individuals and to micro and small businesses that have no access to formal banking channels. It is one of the largest banks by the number of locations in its home state of Rajasthan.
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AU Small Finance Bank Limited is an Indian scheduled commercial bank that was founded as vehicle finance company AU finance India Ltd in 1996 and converted to a small finance bank on 19 April 2017. The founder of this Bank is Mr Sanjay Agarwal (managing director and CEO of AU small finance Bank).
The bank offers various banking products and financial services to its customers. They provide lower interest rates than unsecured loans so the bank has been particularly active in growing its deposits, as Bank deposits have a lower cost than other sources of funds. also including saving products like deposits, payment/ transaction banking, distribution of third party products, and additional loan products, thereby positioning itself a good service provider.
Small finance banks have grown it's a distribution network that comprises 396 branches, 84 asset centres, 49 business correspondents, 15 offices, 485 ATMs and 625 touch points spread adjacently across 11 states in North, West and Central India with over 1.1 million customers.
A.U small finance bank has been listed in the National stock exchange of India, which is one of the two main stock exchange categories in India. It is also listed on Bombay stock exchange.
The brand identity of A.U small finance Bank is chalo aage badhe and so as to are their services that always encourage their customers for mutual development. Some of the numerous services provided by A.U Small Finance Bank are:-
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