AU Small Finance Bank Limited Company Profile: Products,Promoters and Clients

AU Small Finance Bank Limited

It's headquartered in Jaipur, Rajasthan, offers a diverse range of banking and financial services, including retail and wholesale banking, treasury operations, and more. Founded in 1996 by Chartered Accountant Sanjay Agarwal, the company began as AU Financiers, a Non-Banking Finance Company catering to underserved rural and urban populations. Transitioning to a Small Finance Bank in 2017, AU Small Finance Bank achieved Scheduled Bank status and was listed among the Fortune India 500 companies the same year. 

In 2021, it became India's largest Small Finance Bank, adopting the tagline "Badlaav Humse Hai" to reflect its innovative spirit. The bank has significantly expanded its footprint to 2,383 touchpoints across 21 states and 4 union territories by March 2024. AU Small Finance Bank continues to embrace technology, drive financial inclusion, and build strong customer relationships, contributing to the nation's economic development.

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Q1. What are the Product and service offerings of the AU Small Finance Bank?

AU Small Finance Bank offers a range of services:

• Personal Banking: Includes branch banking services like Savings Accounts, Term Deposits, Bank Lockers, Life & Health Insurance, General & Fire Insurance, Mutual Funds, and 3-in-1 Trading Accounts, as well as Loans & Advances such as Vehicle Loans, Home Loans, Personal Loans, Gold Loans, and Credit Cards.
• Commercial Banking: Features Transaction Banking with Current Accounts, Trade & Forex, Overdraft Facilities, Cash Management Services, and Non-Fund Based Facilities, alongside Loans & Advances including Secured Business Loans, Term Loans, CC/OD, Agri Banking, NBFC Lending, and Real Estate & Construction Finance.
• Digital Banking: Comprises Digital Products like Savings Accounts, Fixed Deposits, Vehicle Loans, Personal Loans, Credit Cards, and Insurance & Investments; Digital Channels such as Mobile Banking, Netbanking, Corporate Internet Banking, Video Banking, WhatsApp Banking, and Auro Chatbot; and Payments & Services including Merchant Payments, Debit Cards, AEPS, BHIM UPI, Bharat Bill Payment Service, NETC | FASTag, ASBA, NACH/e-NACH, and Tax Payment.

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Q2. Who are the Promoters of the AU Small Finance Bank?

Mr. Sanjay Agarwal, Managing Director (MD) & CEO of AU Small Finance Bank, has over 25 years of executive experience. A Commerce graduate and all-India rank holder Chartered Accountant, he excels in Retail Finance, Accountancy, Agriculture & Rural Economy, Banking, Human Resource Management, Credit Risk, and Business Management. 

He has driven the Bank's agile transformation, business excellence, and high standards of corporate governance. His accolades include EY Entrepreneur of the Year 2018, ET Now's Innovative Leader of the Year, ICAI's Business Leader of the Year, and ET Gamechanger of India 2019.

Mr. Uttam Tibrewal, Executive Director, joined the Board in 2005, bringing over 23 years of experience in the Financial Services sector. A commerce graduate from the University of Delhi, his expertise spans Agriculture & Rural Economy, Small-scale Industry Financing, Accountancy, Banking, Risk, and Business Management. 

With a keen focus on operational efficiency and customer-centricity, he oversees Retail Assets, including Wheels & Secured Business Loans, Home Loans, and Agri-SME Loans, along with Branch and Personal Banking. His leadership drives organizational success and sustainability through streamlined processes and a customer-first approach.

Mr. Vimal Jain serves as the Chief Financial Officer (CFO) of the Bank, having joined the company in 2010. With over 16 years of experience in Finance, Accounts, Budgeting, and Business Planning, he is a qualified Chartered Accountant. Known for his leadership and contributions to launching the successful Small Finance Bank, he has proven himself as a credible leader and banker.

Q3. Who are the Clients of the AU Small Finance Bank?

AU Small Finance Bank is having a Pan-India Presence with 21 States and 4 UTs. Bank has 2383 Touchpoints in total all over the nation. Maharashtra and Rajasthan account for 46% of company’s total Deposits.

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