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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]
In a first, RBI accepted October 2023 proposal of amalgamation of Fincare Small Finance Bank into AU Small Finance Bank. The combined entity to rename Fincare into AU from April 1, 2024 and the shareholders of Fincare to receive 579 AU shares for every 2000 shares held. This eliminates Fincare's regulatory need to be listed.
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Together with Andrew Banks, was voted equal first in an industry poll of The 5 Most Influential People in the Recruitment Industry in the past 60 years. [ 8 ] In 2014, Morgan and Banks were inaugural inductees to the Recruitment International (Australia) Recruitment Industry Hall of Fame, [ 9 ] for individuals who have made significant ...
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Andrew Banks has been investing in various types of companies in Australia since 1988, including property development and home apartment renovation, residential hotels (Sebel Manly), commercial property (53 Martin Place), as well as operating businesses such as Krispy Kreme Australia, a cosmetics distributor and an online recruiting entity.
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)