Past performance
About AU Small Finance Bank Ltd AU Small Finance Bank Limited, originating as Au Financiers (India) Limited, transitioned from a Non-Banking Financial Company to a full-fledged bank in April 2017 after receiving RBI's approval. With a focus on retail and wholesale banking, treasury operations, and financial services, AU Bank operates exclusively in India, expanding its reach to 21 states and 3 union territories with 1,027 touchpoints by March 2023. The bank has consistently grown its Assets Under Management, reaching Rs 47,831 crore in FY 2022-23, reflecting a 27% year-on-year growth.
Key milestones include its successful IPO in 2017 and substantial equity funding through a Qualified Institutions Placement (QIP) in 2022, raising Rs 2,000 crore. Notably, the bank has expanded its product offerings, including health and life insurance partnerships, and enhanced digital banking services. AU Bank's strategic partnerships, like the joint financing program with SIDBI, underscore its commitment to supporting MSMEs. The bank's robust expansion strategy, combined with strong financial performance, positions it as a significant player in India's banking sector.
Performance overview