AU Small Finance Bank Limited, India’s only Small Finance Bank that emerged from an asset financing NBFC, is now offering seamless banking at over 269 branches across 10 states and one union territory in India as of May 31st 2017 covering Rajasthan, Delhi, Gujarat, Maharashtra, Goa, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Himachal Pradesh, Chandigarh, Haryana and Punjab.
To cover a whole spectrum of finance, AU Small Finance Bank Limited is providing banking products ranging from Savings Accounts to Current Accounts and term Deposits to Recurring Deposits. All the services are exclusively curated to give customers optimum benefit customized to maximize the ease of banking.
AU Small Finance Bank Limited today inaugurated its BKC branch in Mumbai, Maharashtra. The 3000 sq. ft. plush branch located at ground floor of Kanakia Zillion, BKC was inaugurated by Dr. Shri Harsh Kumar Bhanwala, Chairman NABARD in the presence of Shri Ajay Kumar Kapur, Deputy Managing Director, SIDBI & Shri Manoj Mittal, Deputy Managing Director, SIDBI along with Mr Sanjay Agarwal, MD & CEO AU Small finance bank.
Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank Limited said, “It is indeed a proud moment for us today as we launch our first branch in Mumbai. We are immensely thankful to RBI as we have now progressed into our second innings as AU Small Finance Bank and embarked a mission upon us that no Indian should be deprived of banking and every customer should feel supreme and be offered truly simplified products & solutions. Working towards this, we have started offering seamless banking services in over 269 branches across 10 States and one union territory in India as of May 31st 2017. All our products and services are exclusively curated to give our customers optimum benefit customized to maximize the ease of banking, ensuring a banking experience. We look forward to further expanding our banking presence to serve the underbanked and unbanked customers across India”
With the focus aligned with national agenda of financial inclusion & digital banking, AU offers Aadhar enable paperless account opening and transactions with minimal forms. Customers can receive all the services with equal ease at all branches. With visual language and local imagery, each of the branches brings alive the connect with that locality.
With special focus on building the Make in India dream, the bank offers banking services to Greenfield & passionate entrepreneurs across segments. AU will minimize paperwork for its loan customers.
AU Small Finance Bank Limited was granted in-principle approval from Reserve Bank of India for small finance bank license on 7th October 2015. It had received a final license from Reserve Bank of India on 20th December 2016 to set up a small finance bank.
About Au Small Finance Bank Limited
Au Financiers India Limited has converted itself from a Non-Banking Finance Company (NBFC) to a Small Finance Bank (SFB) changing its name to AU Small Finance Bank and has commenced operations as an SFB on 19th April, 2017.
Au Small Finance Bank Limited is redefining what a bank should be, enabling a convenient and uncomplicated banking experience. As a small finance bank, the company aims to support the vision of financial inclusion by the Government of India and the Reserve Bank of India to the best of its capability, ensuring convenient services for all our customers. Au Small Finance Bank Limited is focused on solutions which are completely based on customers’ needs. The company is building a strong technology infrastructure which includes implementation of technology solutions that provide a differentiated experience, enhancing convenience for customers and reducing operational expenditure at all branches. This includes technologically designed business processes, technology consulting, and implementation and support for different Banking Technology application.