Internet Banking Pros and Cons | AU Small Finance Bank
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Experience convenient banking with AU Bank

    From its initial launch as a Non-Banking Financial Company in 1996 to the transition to a Small Finance Bank, AU has successfully made its mark in the finance sector. It has emerged as one of the fastest-growing small finance banks in India. Ever since starting its operation, bridging the credit gap in India has always been at the core of AU Small Finance Bank's operations.
     

    Origin of the company

    AU Bank started its journey as an NBFC in the year 1996 from Jaipur, Rajasthan. Formerly known as Au Financiers, it aimed at supporting the economic growth of under-served and un-served low & middle-income individuals. 
     
    The bank has always kept its customers' financial needs at the forefront. It supported the creditworthy individuals who belonged to weaker sections of the society. 
     

    Setting a strong foothold in the Small Finance Banking Segment

    In 2015, when the Reserve Bank of India (RBI) announced the Small Finance Banking license guidelines, AU Bank emerged as one of the strongest entities along with 9 others to obtain the coveted license to commence the business operation as a Small Finance Bank in India. 
     
    AU was the only asset based NBFC selected out of 74 entities who had applied for the license. In 2017 AU registered twin-milestones as Au Financiers transformed into AU Small Finance Bank and it also registered a stellar listing on NSE and BSE. 
     
    Throughout the journey, AU Small Finance bank has completely developed solutions based on customers' needs. The bank reflects values of financial inclusiveness, simplicity, progress, action, and urgency in everything it does. 
     

     Highlights of AU Bank, so far

    • The bank now stands tall as a Fortune Indian 500 company and a Scheduled Commercial Bank enabling convenient banking experience to its customers.
    • With a legacy of 25 years, AU has now built an extensive network of 728 banking touchpoints in most of the states and Union Territories of India. 
    • It has touched more than 1.5 million underbanked and unbanked customers and disbursed more than Rs.2000 crores Pan India. 
    • It is building a strong foothold in the digital space by offering user-friendly digital banking services to align with the interest of the community at large.
    AU Bank offers a range of Asset & Liability products including Savings Account, Fixed Deposit, ATM, Current Account, Locker, Recurring Deposit etc. It also provides all types of asset-backed loans such as MSME Loans, Vehicle Loans etc.