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AU Small Finance Bank introduction

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43 views

AU Small Finance Bank introduction

Yes Vayu parivahan

Uploaded by

rp917175
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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AU Small Finance Bank

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]

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.[5]

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.[13] On its first day of
trading, the stock rose 51% to be the most expensive bank in India based on price-to-book.[14]

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.[15]
Shareholding AU Small Finance Bank Limited

Institutional holding

Over the years, the Bank has attracted marquee


investors like International Finance Corporation,
Warburg Pincus, Temasek Holdings, Nomura,
Kotak Mahindra MF, etc.[16] Private equity
companies that provided venture capital,
including Warburg Pincus and International
Finance Corporation, made partial exits for as Company type Public
much as nine times their original
Traded as BSE: 540611 (https://
investment.[17][18] www.bseindia.com/s
tock-share-price/x/y/
540611/)
NSE: AUBANK (http
Bharti SBM s://www.nseindia.co
m/get-quotes/equity?
May 2020 — Bharti (SBM) Holdings Pvt. Ltd, a symbol=AUBANK)
firm owned by Sunil Mittal family has acquired
ISIN INE949L01017
0.79% for a consideration of ₹100 crore
(equivalent to ₹118 crore or US$14 million in Industry Banking
Financial services
2023).[19]
Founded 1996
Footprint
Headquarters Jaipur, Rajasthan,
India (registered
With a network of 2,383 physical touchpoints office)
BKC, Mumbai, India
spread throughout 25 states and union territories,
(corporate office)
46,000 staff, and a total client base of about 1.1
Area served India
crore as of December 31, 2023.[20] AU SFB is a
franchise with a deposit base of Rs 97,704 Key people Raj Vikash Verma
[21] (Chairman)
crore. As of February 2024, it has 505 ATMs in
Sanjay Agarwal (MD
India.[22]
& CEO)

Revenue ₹9,293 crore


(US$1.1 billion)
(FY23)[1]

Net income ₹1,427 crore


(US$170 million)
(FY23)[1]
Brand Campaign ₹6,275 crore
Total equity
(US$750 million)
(2021)
Badlaav Humse Hai
Number of 43,500 (2024)
AU Small Finance Bank launched the ad employees

campaign, ‘Soch Badlo aur Bank Bhi’, with Kiara www.aubank.in (http
Website
Advani in October 2023. Through the campaign, s://www.aubank.in)
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.[23]

Beyond Business

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[24]

2. Skill Development for economically backward youth via AU Skills Academy[25][26]

3. Sports for Development of underprivileged children and Financial and Digital Literacy through
AU Bano Champion[27][28]

Awards

1. ‘Best Small Finance Bank’ award at FE India’s Best Banks Award for two years[29]

2. Master of Risk at India Risk Management Awards 2023[30]

3. Great Place to Work certification for three years in a row[31]

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[32]

6. PeopleFirst HR Excellence Award 2023 (multiple categories)[33]

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