In this article you get to know about AU BANK full from and other different abbreviations of AU BANK in various fields. AU BANK full form refers to AU Small Finance Bank Limited.
AU Small Finance Bank Limited, commonly known as AU Bank, is an Indian scheduled commercial bank founded in 1996 as Au Financiers. The bank received the license to operate as a Small Finance Bank from the Reserve Bank of India in 2017. AU Bank offers a wide range of banking and financial products and services to individuals, small and medium enterprises and corporates. The bank primarily focuses on providing loans and other financial products to underserved and unbanked customers in India.
AU Bank’s journey began in 1996 as Au Financiers, a non-banking finance company based in Jaipur, Rajasthan, India. The company started as a provider of retail finance and later expanded into SME and corporate finance. In 2017, Au Financiers received a license from the Reserve Bank of India to operate as a Small Finance Bank, and it was renamed AU Small Finance Bank Limited.
AU Bank has received several awards and recognitions for its innovative products and services, customer-centric approach, and sustainable practices. In 2020, the bank was ranked among the top 3 small finance banks in India by the Reserve Bank of India. AU Bank’s vision is to become the most admired and trusted bank for the common man, by providing simple and innovative banking solutions that create value and enrich the lives of its customers. The bank’s mission is to provide inclusive banking services that enable its customers to achieve their financial aspirations.
|AU Bank having its Head Office in Jaipur, Rajastan.|
|AU Bank official website is https://www.aubank.in/|
|AU Bank Tagline is “Chalo Aage Badhein”|
AU Bank’s Operations:
AU Bank has a wide network of branches and banking outlets across India. As of March 2022, the bank had 778 branches and banking outlets in 13 states and 2 union territories in India. The bank operates through a hub-and-spoke model, with regional offices overseeing the operations of its branches.
AU Bank’s product portfolio includes savings accounts, current accounts, fixed deposits, recurring deposits, debit and credit cards, personal loans, home loans, business loans, vehicle loans, gold loans, agriculture loans, and microfinance loans. AU Bank also offers its products and services through digital channels such as mobile banking, internet banking, and mobile apps.
AU Bank’s Products and Services:
Savings accounts: AU Bank offers a variety of savings accounts, including basic savings accounts, women’s savings accounts, senior citizen savings accounts, and savings accounts for children.
Current accounts: The bank offers current accounts for businesses and corporates.
Fixed deposits and recurring deposits: AU Bank offers fixed deposits and recurring deposits with attractive interest rates.
Debit and credit cards: The bank offers debit and credit cards with a range of features and benefits.
Personal loans: AU Bank offers personal loans for various purposes, such as home renovation, wedding expenses, medical emergencies, etc.
Home loans: The bank offers home loans for purchasing, constructing, or renovating a home.
Business loans: AU Bank offers business loans for SMEs and corporates.
Vehicle loans: The bank offers vehicle loans for purchasing a new or used car or two-wheeler.
Gold loans: AU Bank offers gold loans for customers who need quick financing against their gold ornaments.
Agriculture loans: The bank offers agriculture loans for farmers and agricultural businesses.
Microfinance loans: AU Bank offers microfinance loans to help underserved and unbanked customers meet their financial needs.
AU Bank’s Digital Banking:
AU Bank offers a range of digital banking services to its customers, including mobile banking, internet banking, and mobile apps. The bank’s mobile app, AU 24×7, allows customers to perform various banking transactions, such as checking account balance, transferring funds, paying bills, etc.
AU Bank’s Awards and Recognition
AU Bank has received several awards and recognition for its innovative products and services, customer-centric approach, and sustainable practices. Here are some of the awards and recognition received by the bank:
In 2020, AU Bank was ranked among the top 3 small finance banks in India by the Reserve Bank of India.
In 2021, AU Bank was awarded the Best Digital Bank award by the Banking Frontiers.
AU Bank was recognized as the Best Small Finance Bank in the country at the National BFSI Awards in 2019.
In 2018, AU Bank received the prestigious Skoch Order-of-Merit award for its microfinance program.
AU Bank’s CSR Initiatives:
AU Bank has a strong focus on sustainable and responsible banking. The bank’s CSR initiatives are centered around education, health, and livelihood. The bank’s flagship CSR program, AU CARES, focuses on promoting education, skill development, and entrepreneurship among the underprivileged sections of society.
AU Bank’s Technology and Innovation:
AU Bank has been investing in technology and innovation to enhance its customer experience and to expand its reach. The bank has developed an end-to-end digital loan origination platform, which allows customers to apply for loans online and receive quick approvals. The bank has also implemented several initiatives to improve its operational efficiency and to reduce its carbon footprint. For example, the bank has implemented a paperless account opening process and has installed solar panels at several of its branches.
AU Bank’s Leadership:
AU Bank’s leadership team comprises experienced professionals with a strong track record in the banking and financial services industry. Mr. Sanjay Agarwal is the Managing Director and CEO of the bank, and Mr. Uttam Tibrewal is the Deputy Managing Director of the bank.
AU Bank is a fast growing Indian small finance bank that offers a wide range of banking and financial products and services to underserved and unbanked customers in India. The bank’s focus on innovation, customer-centric approach, and sustainable practices have helped it to establish a strong presence in the Indian banking industry. AU Bank is a promising small finance bank in India that has established a strong presence in the banking industry. The bank’s focus on innovation, customer-centric approach, and sustainable practices has helped it to win the trust and loyalty of its customers. With its strong financial performance, experienced leadership team, and ambitious plans for the future, AU Bank is well-positioned to continue its growth trajectory and to become a leading player in the Indian banking industry.
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