AU Small Finance Bank

AU Small Finance Bank Limited
Company typePublic
ISININE949L01017
Industry
Founded1996; 28 years ago (1996)
Headquarters
Area served
India
Key people
RevenueIncrease ₹9,293 crore (US$1.1 billion) (FY23)[1]
Increase ₹1,427 crore (US$170 million) (FY23)[1]
Total equityIncrease ₹6,275 crore (US$750 million) (2021)
Number of employees
43,500 (2024)
Websitewww.aubank.in Edit this at Wikidata

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$3.7 billion).[6][2] AU Bank enjoys long term credit rating of "AA-/Stable" from CRISIL Ratings,[7] ICRA Ratings,[8] India Ratings[9] and CARE Ratings.[10]

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.[2]

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.[11]

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 31 December 2023).[12]

  1. ^ a b "AU Small Finance Bank Ltd reports net profit of Rs. 424.63 crores in Q4 FY2023". EquityBulls. 25 April 2023. Retrieved 27 June 2023.
  2. ^ a b c "AU Bank Investor Presentation Q3FY19" (PDF).
  3. ^ "Fincare SFB to merge with AU Small Finance Bank in all-share deal". www.business-standard.com. 29 October 2023. Retrieved 31 October 2024.
  4. ^ PR, ANI (17 August 2023). "AU Small Finance Bank Pioneers Customer Convenience with 24x7 Video Banking". ThePrint. Retrieved 19 April 2024.
  5. ^ Mudgill, Amit (28 June 2017). "AU Small Finance Bank IPO; here's what 8 brokerages say". The Economic Times. Retrieved 15 March 2018.
  6. ^ "AU Small Finance Bank – Fortune 500 List 2019 – Fortune India". Fortune India.
  7. ^ "Company Factsheet". CRISIL. Retrieved 28 March 2019.
  8. ^ "ICRA Report".
  9. ^ "India Ratings and Research Private Limited : India's Most Respected Credit Rating and Research Agency". indiaratings.co.in. Retrieved 28 March 2019.
  10. ^ "Care Ratings for AU Bank" (PDF).
  11. ^ "x.com".
  12. ^ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 19 April 2024.