Tag «au small finance bank»

What is Small Finance Bank

Evolution of Small Finance Banking Industry: Despite various measures taken by the Government to increase financial penetration in India, a significant percentage of India’s population does not have access to basic financial services. In 2013, the RBI constituted a committee that recommended differential licensing in the form of payment bank and SFB. Accordingly, on November …

AU Small Finance Bank IPO.

About the Company: AU Small Finance Bank is a prominent, retail focused non-banking finance company (“NBFC”) primarily serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels.Company operates in three business lines: vehicle finance; micro, small and medium enterprises (“MSMEs”) loans; and small and medium …