AU Small Finance Bank formerly known as AU Financiers Ltd. is a diversified retail focused financial services player with presence across vehicle financing segment (50.3% of AUM), MSME segment (30% of AUM) and SME finance segment (19.8% of AUM).
It started banking operation in Apr’17 after securing Small Finance Bank (SFB) licence from the Reserve Bank of India (RBI) in Dec’16.
AU’s asset business portfolio includes vehicle finance business loans including two wheeler loans targeted primarily towards mass market customers. Secured business loans for MSME and SME loans, housing finance loans, gold loans, loan against securities, agriculture related term loans and kisan credit cards for farmers in the mass market and unbanked areas.
AU’s liability portfolio includes current accounts, savings accounts, term deposits and recurring deposit, payment wallets and customized repaid instruments, collections and payments solutions.
The firms other products and services includes sale of third party investment products such as mutual funds, insurance and risk management products and financial advisory and education programs for individuals and new entrepreneurs.
Vechicle loans are provided to first time users/ buyers, small road transport operators and self employed with target segment being low & middle income individuals and businesses in rural, semi-urban markets who have limited or no access to formal banking and finance channels. The average loan ticket size is of Rs 3.5 lakh with loan upto 5 years.
MSME loans are provided to provision stores, dairy business, hotels and restaurants having annual turnover between 10 lakh to 1 crore. The average loan size is 10 lakh with loan upto 12 years with security being immovable property. The purpose of loan is to provide business expansion, working capital requirement and equipment purchases.
SME loans are provided to traders, wholsalers, distributer, retailers, NBFCs, self-employed professionals and small construction companies having annual turnover more than 1 crore. The average loan size is 2 crore and given upto 15 years and backed by immovable property or loan receivables.
Rajasthan, Gujarat, Maharashtra and Madhya Pradesh are the key states for AU small finance bank accounting 90% of total AUM.
|SBI Mutual Fund||3.614|
|Motilal Oswal Mutual Fund||1.603|
|BNP Paribas Mutual Fund||0.292|
|Aditya Birla Sun Life Mutual Fund||0.287|
|Kotak Mahindra Mutual Fund||0.268|
|DSP BlackRock Mutual Fund||0.240|
|UTI Mutual Fund||0.189|
|Reliance Mutual Fund||0.095|
|L&T Mutual Fund||0.095|
|IDFC Mutual Fund||0.023|
Address: 19-a, Dhuleshwar Garden, Ajmer Road, Jaipur, Jaipur, Rajasthan - 302001 | Phone: +91-141-4110060 | Fax: +91-141-4110090
Registrar & Transfer Agent: Link Intime India Pvt Ltd.
Address: C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai(Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra, C 101, 247 Park, LBS Marg, Vikhroli (West) | Phone: 91-022-49186000 | Fax: 91-022-49186060