Camorabug at 11:59, 2 March 2026

2026-03-02T11:59:51Z

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{{short description|Indian small finance commercial bank}}
{{Use Indian English|date=August 2017}}{{Use dmy dates|date=August 2017}}
{{Infobox company
| name = AU Small Finance Bank Limited
| image = File:AU-Bank-new-logo-for-GBM 1024X1024 (cropped).png
| logo_size = 250px
| type = [[Public company|Public]]
| traded_as = {{plainlist|
*{{BSE|540611}}
*{{NSE|AUBANK}}}}
| ISIN = INE949L01017
| industry = {{plainlist|
*[[Banking]]
*[[Financial services]]}}
| foundation = {{start date and age|1996}}
| founder = [[Sanjay Agarwal]]
| location = {{ubl|[[Jaipur]], [[Rajasthan]], India (registered office)|[[Bandra-Kurla Complex|BKC]], [[Mumbai]], India (corporate office)}}
| area_served = India
| key_people = {{ubl|[[H R Khan]] (Chairman)<ref>{{cite news |last1=Shaikh |first1=Subhana |title=RBI Approves Re-Appointment Of HR Khan As Part-Time Chairman Of AU Small Finance Bank |url=https://www.ndtvprofit.com/economy-finance/rbi-approves-re-appointment-of-hr-khan-as-part-time-chairman-of-au-small-finance-bank |access-date=22 July 2025 |work=NDTV Profit |date=19 December 2024 |language=en}}</ref>|[[Sanjay Agarwal]] (MD & CEO)}}
| revenue = {{increase}} {{INRconvert|9293|c}} (FY23)<ref name="fy23"/>
| profit = {{increase}} {{INRconvert|1427|c}} (FY23)<ref name="fy23">{{cite news |title=AU Small Finance Bank Ltd reports net profit of Rs. 424.63 crores in Q4 FY2023 |url=https://www.equitybulls.com/category.php?id=330464 |access-date=27 June 2023 |work=EquityBulls |date=25 April 2023 |archive-date=27 June 2023 |archive-url=https://web.archive.org/web/20230627182102/https://www.equitybulls.com/category.php?id=330464 |url-status=live }}</ref>
| equity = {{increase}} {{INRconvert|6275|c}} (2021)
| num_employees = 59000+
| rating = [[CRISIL]] AA+ Stable<ref>{{Cite web|url=https://www.crisil.com/en/home/our-businesses/ratings/company-factsheet.html|title=Company Factsheet|website=CRISIL|access-date=2019-03-28|archive-date=28 March 2019|archive-url=https://web.archive.org/web/20190328113021/https://www.crisil.com/en/home/our-businesses/ratings/company-factsheet.html|url-status=live}}</ref><ref>{{Cite web|url=https://www.icra.in/Rationale/ShowRationaleReport/?Id=71264|title=ICRA Report|access-date=28 March 2019|archive-date=28 March 2019|archive-url=https://web.archive.org/web/20190328131012/https://www.icra.in/Rationale/ShowRationaleReport/?Id=71264|url-status=live}}</ref>
| website = {{Url|https://www.au.bank.in|Official website}}
}}

'''AU Small Finance Bank Limited''' is an Indian [[Scheduled Banks (India)|scheduled commercial]] [[small finance bank]],<ref name="AU Bank Investor Presentation Q3FY19">{{Cite web|url=https://www.au.bank.in/sites/default/files/investor-presentation-Q3FY19.pdf|title=AU Bank Investor Presentation Q3FY19|access-date=28 March 2019|archive-date=28 March 2019|archive-url=https://web.archive.org/web/20190328113019/https://www.au.bank.in/sites/default/files/investor-presentation-Q3FY19.pdf|url-status=live}}</ref> headquartered in Mumbai. It was founded in 1996 as a vehicle finance company and was converted into a small finance bank in 2017. That same year, it got listed on [[National Stock Exchange of India|National Stock Exchange]] (NSE) and [[Bombay Stock Exchange]] (BSE).<ref>{{Cite web|url=https://www.fortuneindia.com/fortune-500/company/au-small-finance-bank?year=%20%202019|title=AU Small Finance Bank – Fortune 500 List 2019 – Fortune India|website=[[Fortune India]]}}</ref>

==History==
The company was founded in 1996 by chartered accountant [[Sanjay Agarwal]] as AU Financiers (India) Ltd, a vehicle finance company and an [[NBFC and MFI in India|NBFC]]. It converted into a full-fledged [[small finance bank]] on 19 April 2017.<ref name=economictimes>{{cite web|last1=Mudgill|first1=Amit|title=AU Small Finance Bank IPO; here's what 8 brokerages say|url=https://economictimes.indiatimes.com/markets/stocks/news/au-small-finance-bank-ipo-heres-what-8-brokerages-say/articleshow/59339126.cms|website=The Economic Times|access-date=15 March 2018|date=28 June 2017|archive-date=15 March 2018|archive-url=https://web.archive.org/web/20180315195921/https://economictimes.indiatimes.com/markets/stocks/news/au-small-finance-bank-ipo-heres-what-8-brokerages-say/articleshow/59339126.cms|url-status=live}}</ref>

AU Small Finance Bank listed publicly through an IPO on 29 June 2017.<ref name=economictimes /><ref>{{Cite web|url=https://www.bseindia.com/stock-share-price/au-small-finance-bank-ltd/aubank/540611/|title=Stock Share Price | Get Quote | BSE|access-date=5 October 2021|archive-date=6 October 2021|archive-url=https://web.archive.org/web/20211006140657/https://www.bseindia.com/stock-share-price/au-small-finance-bank-ltd/aubank/540611/|url-status=live}}</ref><ref>{{cite web|last1=Babla|first1=Shraddha|title=After 51% Listing Gains, AU Small Finance Bank India's Most Expensive|url=https://www.bloombergquint.com/markets/2017/07/11/after-51-listing-gains-au-small-finance-bank-indias-most-expensive-bank|website=Bloomberg Quint|access-date=15 March 2018|language=en|date=11 July 2017|archive-date=16 March 2018|archive-url=https://web.archive.org/web/20180316023154/https://www.bloombergquint.com/markets/2017/07/11/after-51-listing-gains-au-small-finance-bank-indias-most-expensive-bank|url-status=live}}</ref> [[Private equity]] companies that provided [[venture capital]], including [[Warburg Pincus]] and [[International Finance Corporation]], divested their holdings after the listing.<ref>{{cite web|last1=Chatterjee|first1=Paramita|date=7 December 2017|title=PE Exits At An All-time High|url=http://businessworld.in/article/PE-Exits-At-An-All-time-High/07-12-2017-133980/|access-date=28 March 2018|website=BW Businessworld|language=en|archive-date=28 March 2018|archive-url=https://web.archive.org/web/20180328165608/http://businessworld.in/article/PE-Exits-At-An-All-time-High/07-12-2017-133980/|url-status=live}}</ref><ref>{{cite web|date=2 March 2018|title=High Stakes|url=https://www.outlookbusiness.com/the-big-story/lead-story/high-stakes-4211|access-date=28 March 2018|website=Outlook Business|archive-date=28 March 2018|archive-url=https://web.archive.org/web/20180328165400/https://www.outlookbusiness.com/the-big-story/lead-story/high-stakes-4211|url-status=live}}</ref>

In November 2017, the [[Reserve Bank of India]] added the bank to [[Scheduled Banks (India)|its schedule of commercial banks]].<ref>{{cite web|last1=Srivats|first1=K.R.|title=AU Small Finance gets scheduled commercial bank status|url=https://www.thehindubusinessline.com/money-and-banking/au-small-finance-gets-scheduled-commercial-bank-status/article9939601.ece|website=The Hindu Business Line|access-date=15 March 2018|language=en|date=2 November 2017|archive-date=7 February 2018|archive-url=https://web.archive.org/web/20180207011213/http://www.thehindubusinessline.com/money-and-banking/au-small-finance-gets-scheduled-commercial-bank-status/article9939601.ece|url-status=live}}</ref>

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.<ref>{{Cite web |date=October 29, 2023 |title=Fincare SFB to merge with AU Small Finance Bank in all-share deal |url=https://www.business-standard.com/companies/news/fincare-sfb-to-merge-with-au-small-finance-bank-in-all-share-deal-123102900985_1.html |access-date=October 31, 2024 |website=www.business-standard.com |archive-date=19 April 2024 |archive-url=https://web.archive.org/web/20240419110053/https://www.business-standard.com/companies/news/fincare-sfb-to-merge-with-au-small-finance-bank-in-all-share-deal-123102900985_1.html |url-status=live }}</ref><ref>{{cite news |last1=Ray |first1=Atmadip |title=RBI approves AU Small Finance Bank acquisition of Fincare Small Finance Bank with effect from April 1 |url=https://economictimes.indiatimes.com/industry/banking/finance/rbi-approves-au-small-finance-bank-acquisition-of-fincare-small-finance-bank-with-effect-from-april-1/articleshow/108213476.cms |access-date=22 July 2025 |work=The Economic Times |date=4 March 2024}}</ref>

On 7 August 2025, the Reserve Bank of India granted an in-principle approval to AU Small Finance Bank to transition into a [[universal bank]],<ref name=":0">{{Cite news |date=2025-08-07 |title=AU Small Finance Bank gets RBI nod to become a universal bank |url=https://timesofindia.indiatimes.com/business/india-business/au-small-finance-bank-gets-rbi-nod-to-become-a-universal-bank/articleshow/123171931.cms |access-date=2025-08-08 |work=The Times of India |issn=0971-8257}}</ref> making it the first small finance bank in India to receive such an approval.<ref>{{Cite news |date=August 8, 2025 |title=Business Standard |url=https://www.business-standard.com/markets/news/au-small-finance-bank-up-7-first-sfb-to-get-rbi-s-universal-bank-approval-125080800484_1.html}}</ref> It was also the first full-fledged banking license issued by the Reserve Bank of India in 11 years.<ref>{{Cite news |date=2025-08-07 |title=India's AU Small Finance Bank gets first universal banking licence in a decade |url=https://www.reuters.com/world/india/indias-au-small-finance-bank-gets-first-universal-banking-licence-decade-2025-08-07/ |access-date=2025-08-08 |work=Reuters |language=en}}</ref>

== Operations ==
AU Small Finance Bank has a network of 2,726 physical touchpoints in 21 states and 4 union territories, 59,872 staff, and a total customer base of about 1.25 crore as of 31 December 2025.<ref>{{Cite web |title=Investors and Stake holders - AU Small Finance Bank |url=https://www.au.bank.in/investors |access-date=2026-02-24 |website=www.au.bank.in |language=en}}</ref>

== Controversies ==
On 18 February 2026, AU Small Finance Bank was [[Haryana Government accounts fraud|de-empanelled]] by the [[Government of Haryana]] along with [[IDFC First Bank]].<ref>{{Cite news |last=Iyer |first=Archishma |date=23 February 2026 |title=De-empanelled by Haryana, AU Small Finance Bank opens probe, sends staff 'offduty' |url=https://www.moneycontrol.com/news/business/de-empanelled-by-haryana-au-small-finance-bank-opens-probe-sends-staff-offduty-13839206.html |access-date=24 February 2026 |work=[[Moneycontrol]]}}</ref> The state questioned the bank over suspected unauthorised transactions of about {{INRConvert|72|c|year=2026}}, including {{INRConvert|47|c|year=2026}} transferred in 14 transactions from a government account to a customer account.<ref>{{Cite web |last=Fernandes |first=Jocelyn |date=2026-02-23 |title=AU Small Finance Bank de-empanelment: What we know about ₹47 crore funds transfer, timeline, internal review details {{!}} Company Business News |url=https://www.livemint.com/companies/news/au-small-finance-bank-clarify-de-empanelment-haryana-govt-account-transactions-internal-review-assess-reasons-idfc-first-11771811075341.html |access-date=2026-02-24 |website=mint |language=en}}</ref> The bank said the transactions were properly authorised and denied any wrongdoing.<ref>{{Cite web |last=Sarkar |first=Subhojit |date=2026-02-23 |title=AU Small Finance Bank denies wrongdoing after Haryana govt de-empanels it over alleged fraud |url=https://www.fortuneindia.com/business-news/au-small-finance-bank-denies-wrongdoing-after-haryana-govt-de-empanels-it-over-alleged-fraud/130632 |access-date=2026-02-24 |website=Fortune India |language=en}}</ref> However, the bank has initiated an internal review, placed certain employees off duty pending the process.<ref>{{Cite news |date=2026-02-24 |title=AU Small Finance Bank begins internal probe after Haryana account fiasco |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/au-small-finance-bank-begins-internal-probe-after-haryana-account-fiasco/articleshow/128727078.cms?from=mdr |access-date=2026-02-24 |work=The Economic Times |issn=0013-0389}}</ref>

==See also==
{{Portal|Banks}}
* [[Banking in India]]
* [[List of banks in India]]
* [[Indian Financial System Code]]

==References==
{{reflist}}

== Further reading ==
*{{Cite report |url=https://www.bsssbhopal.edu.in/uploads/naac/criteria_1/students_projects/219%20Reshma%20Manoj.pdf |title=A STUDY ON FINANCIAL ANALYSIS OF SMALL FINANCE BANK |last=Manoj |first=Reshma |date=April 2021 |publisher=The Bhopal School of Social Sciences |access-date=26 March 2025}}

{{Nifty 200 companies}}
{{Banking in India}}

[[Category:Small finance banks]]
[[Category:Indian companies established in 1996]]
[[Category:Banks established in 1996]]
[[Category:Private sector banks in India]]
[[Category:Warburg Pincus companies]]
[[Category:1996 establishments in Rajasthan]]
[[Category:Companies based in Rajasthan]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

AU Small Finance Bank - Revision history

Camorabug at 11:59, 2 March 2026