Mr. Sanjay Agarwal, a merit holder Chartered Accountant and a first-generation entrepreneur, launched AU Small Finance Bank 25 years ago as a dream to improve and make all the sections of society feel preeminent while being served at the bank with the goal that no Indian citizen is deprived of banking by instituting a dynamism, detail orientation and product-process innovation.
Founded in Jaipur in 1996 as Au small finance bank, a non-deposit accepting Non-Banking Finance Company (NBFC), it has worked successfully on fueling economic growth, notably for the overlooked and unserved low and middle-class populations. The institution has been providing secured lending to consumers for over two decades, primarily in the Vehicle Loan, Business Loan, and Housing Loan categories, while organically expanding its global footprint.
Mr. Rohan Gaikwad, Chairman of the NYRA foundation inaugurated a new branch of the AU small finance bank in Mulund, Mumbai. The branch will serve as a keystone of the region by not only offering convenience for the regular customer but also serving new customers with their banking needs. During the inauguration event, the bank briefed Mr Rohan of many of the key aspects of this newest branch, including its commitment to digitising myriad processes. The new branch is outfitted with the most up-to-date digital features, such as automatic cash deposit and withdrawal devices, among others.
Presently, the AU small finance bank stands tall as a Scheduled Commercial Bank and a Fortune India 500 Company. Which is enabling a convenient banking experience with various industry-first initiatives. As a retail-focused bank continually innovating to make banking simple for its customers, AU small finance Bank is now moving towards being a digitally-led Bank with a pan India presence. And with the addition of New branch in Mulund, Maharashtra there is no doubt that the AU small finance bank is rapidly contributing to its mission of providing banking services to all the citizens of this nation.
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