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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.
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] In 2017, the IPO of the AU Bank was oversubscribed by more than 53 times. As of May 2021, the bank has a valuation of close to ₹ 30,000 crore (US$4 billion).
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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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