AU Small Finance Bank Ltd Company History

Incorporated as a private limited company in Rajasthan with an authorised share capital of Rs 0.1 million.

Received certificate of registration under section 45 I A of RBI Act from the RBI to carry on the business of non-banking financial institution without accepting public deposits.

Became commercial associate of HDFC Bank for carrying on the business of financing commercial vehicles.

Expanded operations into Maharashtra.

Obtained investment of ? 200 million from India Business Excellence Fund and India Business Excellence Fund-1.

Forayed into Gujarat, the third state where the Company commenced its operations.

Received fresh certificate of registration under section 45 IA of RBI Act from the RBI pursuant to which RBI has classified the Company as a NBFC-ND-AFC.

Obtained investment of ? 350 million, ? 60 million and ? 140 million, from IFC, IBE Fund and IBE Fund -I, respectively.

Attained the status of Systemically Important Non-Deposit Taking Asset Finance Company”.

Set-up a subsidiary, AuHFL, to provide housing finance services.

Shortlisted for the Financial Times International Finance Corporation-Sustainable Finance Awards in the Achievement in the Financing at the Base of the Pyramid” category.

Obtained investment of ? 1,500 million and ? 330.44 million from Redwood and IFC, respectively.

Received upgrade of credit rating from CRISIL BBB+ / Stable to CRISIL A / Stable for long term bank facilities by CRISIL Ratings

Set-up a subsidiary, Au Insurance Broking Services Private Limited, to provide insurance and broking services.

Awarded the Best PE-backed Financial Service Company” by VCCircle.

Received upgrade of credit rating to CARE A+ for long-term banking facilities by CARE Ratings.

Assigned a credit rating of Ind A+ / Stable for long term banking facilities and NCDs by India Ratings.

Received in-principle” approval for forming an SFB from the RBI.

Received final approval for carrying on the business of SFB from the RBI.

Received a long term credit rating of BWRAA with Stable Outlook from Brickwork Ratings.

Received upgrade in long-term rating of CRISIL A/ Watch Positive by CRISIL Ratings.

Pursuant to RBI approval dated April 6, 2016, divested its shareholding in AuHFL which was the erstwhile subsidiary company.

Pursuant to RBI approval dated May 18, 2016, divested its entire shareholding in IML (2)

Pursuant to RBI approval dated September 6, 2016, divested 29.53% of the total shareholding of M Power Micro Finance Private Limited.

Divested its entire shareholding in Au Insurance Broking Services Private Limited (AuIBSPL”), the erstwhile associate company. In this regard, the Company has received an in-principle approval dated December 6, 2016 from the IRDAI for change in shareholding pattern of AuIBSPL.

Commenced operations as an SFB and the same was notified via RBI press release dated April 19, 2017

Received upgrade of credit rating outlook from Ind A+ / Stable to IND A + / POSITIVE for long term banking facilities and NCDs by India Ratings

Awards and Accreditations

Adjudged runner-up in Best Retail NBFC category by Outlook Money Awards, 2016.

AU BANK STARTS ITS SOCIAL CONNECT INITIATIVES WITH PAKHI

AU Bank receives Rajasthan Best Brand Awards 2018

AU Bank organised Free yoga camps in more than 50 cities on International Yoga Day

AU Bank’s humble gesture to convey gratitude to the Doctors on their special day

AU Small Finance Bank ties up with Aurionpro Solutions

CRISIL upgrades AU Small Fin Bank's rating to low credit risk 'AA-'

Au Small Finance Bank Has Entered Into Agreement With The New India Assurance Company Limited

Au Small Finance Bank - AU SMALL FINANCE BANK LIMITED ('The Bank') Enter Into Agreement With TATA AIG

AU Small Finance Bank starts operations in eastern India

AU Small Finance Bank issued of Bonus Shares in the ratio of 1:1.

AU Small Finance Bank Limited Enters Into Bancassurance Tie-Up With Max Life Insurance Company Limited.

AU Small Finance Bank Limited Enters Into Bancassurance Tie-Ups With Star Health And Allied Insurance.