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AU Small Finance Bank
Indian small finance commercial bank From Wikipedia, the free encyclopedia
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AU Small Finance Bank Limited is an Indian scheduled commercial small finance bank,[5] based in Jaipur. It was founded in 1996 as a vehicle finance company and was converted into a small finance bank in 2017. In the same year, it got listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).[6]
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History
The company was founded in 1996 by chartered accountant Sanjay Agarwal as AU Financiers (India) Ltd, a vehicle finance company and NBFC. It converted into a full-fledged small finance bank on 19 April 2017.[7]
AU Small Finance Bank publicly listed with an IPO on 29 June 2017.[7][8][9] Private equity companies that provided venture capital, including Warburg Pincus and International Finance Corporation, sold their holdings after the listing.[10][11]
In November 2017, the Reserve Bank of India added the bank to its schedule of commercial banks.[12]
On 1 April 2024, AU Small Finance Bank completed the acquisition of Fincare Small Finance Bank through a stock swap merger, the first merger involving two small finance banks.[13][14]
On 7 August 2025, the Reserve Bank of India granted an in-principle approval to AU Small Finance Bank for transition into a universal bank,[15] making it the first small finance bank in India to receive such an approval.[16] It was also the first full-fledged banking licence issued by the Reserve Bank of India in 11 years.[17]
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Operations
AU Small Finance Bank has a network of 2,500+ physical touchpoints in 25 states and union territories, 53,000+ staff, and a total client base of about 1.16 crore as of June 30, 2025.[18]
See also
References
Further reading
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