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AU Small Finance Bank Limited is an Indian scheduled commercial small finance bank [2] and India’s largest [3] tech-led [4] small finance bank, based in Jaipur.It was founded as vehicle finance company and NBFC, AU Financiers (India) Ltd in 1996 and converted into a full-fledged small finance bank on 19 April 2017.
AU Bank was the only non-banking finance company to receive this license. [7] Agarwal was first appointed as managing director of Au Financiers on 14 February 2008. As the company transformed into a Small Finance Bank on 19 April 2017, he became the Managing Director & CEO of AU Small Finance Bank. [5]
The small finance bank shall be registered as a public limited company under the Companies Act, 2013. It will be licensed under Section 22 of the Banking Regulation Act, 1949 and governed by the provisions of the Banking Regulation Act, 1949; Reserve Bank of India Act, 1934; Foreign Exchange Management Act, 1999; Payment and Settlement Systems Act, 2007; Credit Information Companies ...
This page was last edited on 28 November 2024, at 02:05 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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Samit Ghosh has a banking career spanning over 30 years in India, South Asia and the Middle East with a specialization in retail banking. He started his career with Citibank in 1975. From 1980 to 1985, he worked as the vice president for investment and corporate banking at Arab Bank in Bahrain. He returned to India in 1985 to rejoin Citibank ...
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This article mentions microfinance and AU Small Finance Bank, but it is saying that eight of the ten companies granted bank licenses were involved in microfinance, and AU was one of the two that were not involved in microfinance. Jack N. Stock 04:08, 15 March 2018 (UTC)
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