AU Small Finance Bank

AU Small Finance Bank Limited is an Indian scheduled commercial small finance bank and India’s largest tech-led 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.

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 inr 311986800000. AU Bank enjoys long term credit rating of "AA-/Stable" from CRISIL Ratings, ICRA Ratings, India Ratings and CARE Ratings.

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.

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.

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).

History
The company was founded in 1996 by Sanjay Agarwal (managing director and CEO of AU Small Finance Bank) as a private limited company, and publicly listed in an IPO on 29 June 2017.

He is a merit holder-Chartered Accountant and a first-generation entrepreneur. AU Small Finance Bank is listed on NSE & BSE with market capitalization of ~Rs. 47,987 crore. On its first day of trading, the stock rose 51% to be the most expensive bank in India based on price-to-book.

In November 2017, the Reserve Bank of India added the bank to its schedule of commercial banks, further improving the bank's growth prospects by reducing the cost of short-term funds and improving the bank's ability to provide services.

Institutional holding
Over the years, the Bank has attracted marquee investors like International Finance Corporation, Warburg Pincus, Temasek Holdings, Nomura, Kotak Mahindra MF, etc. Private equity companies that provided venture capital, including Warburg Pincus and International Finance Corporation, made partial exits for as much as nine times their original investment.

Bharti SBM
May 2020 — Bharti (SBM) Holdings Pvt. Ltd, a firm owned by Sunil Mittal family has acquired 0.79% for a consideration of inr 1000000000.

Footprint
With a network of 2,383 physical touchpoints spread throughout 25 states and union territories, 46,0000 staff, and a total client base of about 1.1 crore as of December 31, 2023. AU SFB is a franchise with a deposit base of Rs 97,704 crore. As on Feb 2024,It has 505 ATMs in India.

Badlaav Humse Hai
AU Small Finance Bank launched the ad campaign, ‘Soch Badlo aur Bank Bhi’, with Kiara Advani in October 2023. Through the campaign, Advani, a noted Bollywood actor, underscores the increasing influence of empowered women in shaping financial decisions in India. The campaign highlights the bank's services like their Savings Accounts, Current Accounts, and Video Banking, designed to offer customers with flexibility and ease through technology-driven innovations.

Badlaav Humse Hai
AU Foundation, the CSR wing of the Bank, is actively involved in uplifting local communities where the Bank operates. It aligns with the larger mission of the bank to drive positive change and contribute to holistic development. Their initiatives focus on:


 * 1) Empowering rural women for livelihood enhancement through AU Udyogini
 * 2) Skill Development for economically backward youth via AU Skills Academy
 * 3) Sports for Development of underprivileged children and Financial and Digital Literacy through AU Bano Champion

Awards

 * 1) ‘Best Small Finance Bank’ award at FE India’s Best Banks Award for two years
 * 2) Master of Risk at India Risk Management Awards 2023
 * 3) Great Place to Work certification for three years in a row
 * 4) Most Impactful Women Employment Initiative of the Year award at the Indian CSR Awards 2023
 * 5) ‘Best Branded Campaign: TV’ at the afaqs! Brand Storyz Awards 2023
 * 6) PeopleFirst HR Excellence Award 2023 (multiple categories)
 * 7) ET Human Capital Awards 2024 in the category 'Excellence in Cultivating a Culture of Trust and High Performance’
 * 8) ‘India’s Leading Small Finance Bank’ at BFSI & Fintech Summit 2024 by Dun & Bradstreet