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AU Small Finance Bank

#2663

Rank

$4.97B

Marketcap

IN India

Country

AU Small Finance Bank
Leadership team

Mr. Sanjay Agarwal C.A. (MD, CEO & Director)

Mr. Vimal Jain (Chief Financial Officer)

Mr. Manmohan Parnami (Company Sec. & Compliance Officer)

Products/ Services
Banking, Finance, Financial Services
Number of Employees
20,000 - 50,000
Headquarters
Jaipur, Rajasthan, India
Established
1996
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
AUBANK.NS
Social Media
Overview
Location
Summary
AU Small Finance Bank Limited provides various banking and financial services in India. The company operates through Treasury, Retail Banking, Wholesale Banking, and Other Banking Operations segments. It provides saving, current, salary, senior citizen and NRI, fixed, recurring, and COVID shield deposit accounts, as well as debit and credit cards and locker services. The company also offers car, two-wheeler, commercial vehicle, personal, tractor, home, gold, construction equipment, business, agriculture, and working capital loans. In addition, it provides life, health, general, and motor insurance; mutual funds and national pension system; overdraft, cash credit, bank guarantee, and letters of credit; and internet and mobile banking, collection and receivables, and payment and other merchant payment services. Further, the company provides government banking services to central government, state governments, central and state public sector undertakings, boards, defence, urban local bodies, and other government departments. As of March 31, 2022, it operated 692 bank branches, 210 correspondents banking outlets, 17 business correspondents, and 514 ATMs. The company was formerly known as AU Financiers (India) Limited and changed its name to AU Small Finance Bank Limited in May 2017. The company was incorporated in 1996 and is headquartered in Jaipur, India.
History

The company was founded by Sanjay Agarwal as a private limited company, and publicly listed in an IPO on 29 June 2017. A merit holder Chartered Accountant and a first generation entrepreneur, he holds ~28.5% stake in the Bank. He is supported by a team of 23,486 employees.

AU Small Finance Bank is listed on NSE & BSE with market capitalization of ~Rs. 37,942 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.

Mission
Our mission is to be the premier banking and financial services provider in the communities we serve. We are dedicated to promoting the Spirit of West Texas and devoted to cultivating genuine personal relationships by partnering with our customers to fulfill their unique financial needs. We will offer innovative products and services delivered by responsive, friendly and knowledgeable professionals who will strive to create the Ultimate Customer Experience.
Vision
To be the preferred financial services provider for every life stage, enabling customers to attain better life-goals, SMEs to grow their visions and communities to blossom.
Key Team

Mr. Uttam Tibrewal (Exec. Director)

Mr. Deepak Jain (Chief Risk Officer)

Mr. Ankur Tripathi (Chief Information Officer)

Mr. Shekhar Shukla (Head of Operations)

Mr. Prince Tiwari (Chief of Financial Institutions Group & Chief Investor Relations Officer)

Mr. Sharad Goklani (Chief Technology Officer)

Mr. Shoorveer Singh Shekhawat (Head of Marketing, Video Banking & TFx Initiatives)

Recognition and Awards
In 2017, the bank was recognized as the ‘Best Small Bank’ by the International Finance Magazine and ‘Best Small Bank in India’ by Businessworld Magazine.
References
AU Small Finance Bank
Leadership team

Mr. Sanjay Agarwal C.A. (MD, CEO & Director)

Mr. Vimal Jain (Chief Financial Officer)

Mr. Manmohan Parnami (Company Sec. & Compliance Officer)

Products/ Services
Banking, Finance, Financial Services
Number of Employees
20,000 - 50,000
Headquarters
Jaipur, Rajasthan, India
Established
1996
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
AUBANK.NS
Social Media