AU Small Finance Bank
BUSINESS ECONOMICS|August 1 - 31, 2023
Founded in the year 1996, an Indian Small Finance Bank with its headquarters in Jaipur is called AU Small Finance Bank Limited. In 2017, it changed its name from AU Financiers (India) Ltd, a vehicle finance firm, to AU Small Finance Bank.
Nandini Dasgupta
AU Small Finance Bank

STOCK SCAN

Company Profile

AU Small Finance Bank provides financial services to the low- and middle-income group people as well as micro- and small-business owners who have little to no access to conventional banking and financing systems. Loans, deposits and payment products and services are all provided by the Bank. An “AA-/Stable” long-term credit grade has been given to the bank by various rating agencies. Sanjay Agarwal founded the business.

Banking Sector and Small Finance Banking Industry in India 

India’s banking industry, according to the Reserve Bank of India (RBI), is adequately capitalised and well-regulated. The Nation has significantly better financial and economic circumstances than any other Nation in the world. Studies on credit, market and liquidity risk indicate that Indian banks are generally robust and have fared well during the global recession. Innovative banking formats like payments and small financing banks have recently been introduced to the Indian banking sector. India has recently concentrated on expanding the scope of its banking sector through a number of initiatives like the Pradhan Mantri Jan Dhan Yojana and Post Payment Banks together with significant banking sector reforms like digital payments and fintech, have greatly improved India’s economy.

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هذه القصة مأخوذة من طبعة August 1 - 31, 2023 من BUSINESS ECONOMICS.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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