AU Small Finance Bank Limited
IndustryBanking, financial services
Founded1996; 25 years ago
FounderSanjay Agarwal (managing director and CEO of AU Small Finance Bank)
HeadquartersJaipur, Rajasthan, India

Area served


Key people

Raj Vikash Verma (Chairman)
Sanjay Agarwal
(MD & CEO)
Revenue₹3,817 crores (2021)
₹1,171.crores (2021)
Total equity₹6,275 crores (2021)

Number of employees

22,484 (2021)

AU Small Finance Bank Limited is an Indian scheduled[1] commercial bank that was founded as vehicle finance company AU Financiers (India) Ltd in 1996 and converted to a small finance bank on 19 April 2017.[2]

AU Small Finance Bank has a long-standing track record of over two decades of being a retail-focused and customer-centric institution; serving low and middle income individuals and micro / small businesses that have limited or no access to formal banking and finance channels. The Bank offers a comprehensive suite of loan, deposit & payment products and services.[3]

AU Small Finance Bank ranked 355 in the list of Fortune India 500 (2019) companies, with annual revenue of 3,410.87 crore (US$478 million) and Total B/S Assets of 31,198.68 crore (US$4.4 billion).[4] Its full market capitalization at FY18 was ₹17,655 crores (US$2.71 billion). AU Bank had Gross Asset Under Management of Rs. 21,765 Cr, Total Deposits of Rs. 14,686 Cr, Net Worth of Rs. 3,035 Cr and Gross NPA and Net NPA of 2.1% and 1.3% respectively as of December 31, 2018. The Bank is adequately capitalized with Total CRAR of 19.0% and Tier-I CRAR of 15.5%.[5] AU Bank enjoys long term credit rating of “AA-/Stable” from CRISIL Ratings,[6] ICRA Ratings,[7] India Ratings[8] & CARE Ratings.[9]


The company was founded by Sanjay Agarwal (managing director and CEO of AU Small Finance Bank) as a private limited company, and publicly listed in an IPO on 29 June 2017.[2] 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 22,484 employees.

AU Small Finance Bank is listed on NSE & BSE with market capitalization of ~Rs. 30,000 crore.[10] On its first day of trading, the stock rose 51% to be the most expensive bank in India based on price-to-book.[11]

In November 2017, the Reserve Bank of India added the bank to its schedule of commercial banks, further improving the banks growth prospects by reducing the cost of short-term funds and improving the banks ability to provide services.[12]


Institutional holding[edit]

Over the years, the Bank has attracted marquee investors like IFC, Warburg Pincus, Temasek Holdings, Nomura, SBI MF, Kotak Mahindra MF, etc.[13] Private equity companies that provided venture capital, including Warburg Pincus and International Finance Corporation, made partial exits for as much as nine times their original investment.[14][15]

Bharti SBM[edit]

May 2020 - Bharti (SBM) Holdings Pvt. Ltd, a firm owned by Sunil Mittal family has acquired 0.79% for a consideration of INR100 crores.[16]


Due to its history as a vehicle finance company, as of March 2018 almost all the loans made by AU Small Finance Bank were secured, unlike most small finance banks that have unsecured loans due to their background in microfinance. This provides lower yields (lower interest rates) than unsecured loans, so the bank has been particularly active in growing its deposits, as bank deposits have lower cost than other sources of funds. It has also sought to diversify into savings products like deposits, payment / transaction banking, distribution of third-party products, and additional loan products thereby positioning itself as a holistic financial products and services provider.[17]


As on March 31, 2021, AU Small Finance Banks distribution network comprises 744 Banking Touchpoints, 22,484 employees spread contiguously across 15 states and two Union Territories with over 2 million customers.

The bank has operations in 15 states and two union territory, with Rajasthan, Gujarat, Maharashtra and Madhya Pradesh being key states.[18] It is one of the largest banks by number of locations in its home state of Rajasthan.[19]

See also[edit]


  1. ^ AU Bank Investor Presentation Q3FY19 (PDF).
  2. ^ a b Mudgill, Amit (28 June 2017). AU Small Finance Bank IPO; heres what 8 brokerages say. The Economic Times. Retrieved 15 March 2018.
  3. ^ AU Bank Investor Presentation Q3FY19 (PDF).
  4. ^ AU Small Finance Bank - Fortune 500 List 2019 - Fortune India. Fortune India.
  5. ^ AU Bank Investor Presentation Q3FY19 (PDF).
  6. ^ Company Factsheet. CRISIL. Retrieved 28 March 2019.
  7. ^ ICRA Report.
  8. ^ Ratings), India Ratings and Research Private Limited India. India Ratings and Research Private Limited : Indias Most Respected Credit Rating and Research Agency Retrieved 28 March 2019.
  9. ^ Care Ratings for AU Bank (PDF).
  10. ^ The First Years of the World Bank (1946–62), The World Bank, Pluto Press, 2015, pp. 17–29, doi:10.2307/j.ctt18fsbxs.9, ISBN 9781849643764
  11. ^ Babla, Shraddha (11 July 2017). After 51% Listing Gains, AU Small Finance Bank Indias Most Expensive. Bloomberg Quint. Retrieved 15 March 2018.
  12. ^ Srivats, K.R. (2 November 2017). AU Small Finance gets scheduled commercial bank status. The Hindu Business Line. Retrieved 15 March 2018.
  13. ^ AU Bank Investor Presentation Q3FY19 (PDF).
  14. ^ Chatterjee, Paramita (7 December 2017). PE Exits At An All-time High. BW Businessworld. Retrieved 28 March 2018.
  15. ^ High Stakes. Outlook Business. 2 March 2018. Retrieved 28 March 2018.
  16. ^ Sunil Mittals Firm Buys Stake In AU Small Finance Bank. Moneycontrol. Retrieved 18 March 2021.
  17. ^ AU Bank Investor Presentation Q3FY19 (PDF).
  18. ^ Rating Rationale: AU Small Finance Bank Limited. CRISIL. 6 December 2017. Retrieved 17 March 2018.
  19. ^ India Ratings Upgrades AU Small Finance Banks NCDs to IND AA-/Stable. India Ratings and Research Private Limited. 23 February 2018. Retrieved 17 March 2018.

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