Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

AU Bank forays into South India with its branch launch in Bengaluru

Posted On: 2020-08-06 07:46:53


AU Small Finance Bank, a Scheduled Commercial Bank and one of the fastestgrowing retail Banks of India, has today commenced its operations in Bangaluru. Today, the Bank launched its first branch at J.P. Nagar in Bengaluru. With this branch, AU Bank has 664 Banking Touchpoints across 12 states and one Union Territory. Another branch of AU Bank is going to be launched at Residency Road this month.

Speaking on the occasion, Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank, said, "AU Bank embarks on its journey to the Southern states starting with the Silicon Valley of India. We are looking forward to the innovative spirit of the Bengalurians and are excited to offer our differentiated services to them. AU has a 25-years legacy of being a retail focused and customer centric institution. This is an important landmark in our journey of becoming a Bank with pan India presence. In this journey from the 'incredible state of India' to the 'one state with many worlds' we will try to bring the versatility of Rajasthan to the land of imagination. I am optimistic that as a digitally focussed bank, we will be able to offer simplified banking and customized solutions to the city of millennials. To the Bengalurians, I would like to say - Be U! Be with AU!"

With a strong focus on digital solutions, AU Bank has adopted technology as an enabler to evolve as a customer centric bank. The Bank offers contactless FD, video KYC, WhatsApp banking, missed call banking, TAB banking, AU ABHI instant self-onboarding Bank account etc. Since the beginning of its Banking services, AU has designed products and services keeping customer needs and challenges in mind. That is how AU has emerged as one-of-its kind bank that does not require customers to fill cash deposit or withdrawal slips; that devised 'no home branch' concept; offered extended banking hours etc.

In the last three years as a bank, AU has built a solid net worth of about Rs. 4600 Cr., robust deposit base of over Rs. 26,000 Cr.+ and a strong lending base of about Rs. 30,000 Cr.+. The Bank is listed at both the leading exchanges viz. NSE and BSE. In Q1FY21, AU Bank's PAT grew by 49%. Despite the unprecedented challenges in the last few months, AU Bank has continued to perform well on all fronts including Deposit Growth, Liquidity Management, Assets Quality, Digital Banking, Inclusive Banking, Customer Engagement and Employee Safety.

Shares of AU Small Finance Bank Ltd was last trading in BSE at Rs.737.05 as compared to the previous close of Rs. 726.25. The total number of shares traded during the day was 40348 in over 2945 trades.

The stock hit an intraday high of Rs. 755 and intraday low of 719.95. The net turnover during the day was Rs. 29752755.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Zydus Wellness Limited fixes Rs. 1775.85 as floor price for QIP

Baring Private Equity Asia to delist Hexaware Technologies Limited from the Stock Exchanges in India

IDFC FIRST Bank to launch SafePay - contactless card payments on phone

Kirloskar Brothers Ltd invests Rs. 7.50 crore in The Kolhapur Steel Ltd

Datamatics announces expansion of distribution agreement with Ingram Micro for META region for its Intelligent Automation (IA) products

K P I Global Infrastructure Ltd completes development of new 11kV transmission line

IIFL Securities Ltd to acquire additional 6.25% stake in Trendlyne

TCS and Yale University Develop Secure, Private Off-Grid Networking Platform Using Blockchain

ICRA removes rating watch on JSPL's bank facilities

STL strengthens global leadership team to drive the next phase of growth

Mphasis partners with fintech platform Upswot to offer marketing insights though alternative data for business banking

HCG - Strand Life Sciences Launch StrandAdvantage500 to Broaden Patient Access to Genomic Testing

GAIL wins Leaders Award at the Frost & Sullivan and TERI's Sustainability 4.0 Awards 2020

Aurionpro announces Smart Transit wins in Global Markets

Ircon International Ltd secures works for Rs. 400 crore

CreditAccess Grameen Ltd allots 1000 NCDs

WABCO India Ltd board to consider quarterly results on Oct 23, 2020

Hexaware's Unified Teams Bot COCO is Now Available on Microsoft AppSource

Airtel onboards Waybeo to its Startup Accelerator Program

StackRoute announces programs in Data Engineering to meet the Enterprise Big Data requirement of the industry

Hester acquires technology from ICAR - IVRI to develop a new generation Brucella Abortus S19 Delta Per Vaccine

Tech Mahindra and Rakuten Mobile Collaborate to Bring RCP to Global Customers

TCS OmniStore™ Wins Award for Excellence in Omnichannel Interactive Customer Experience

Palash Aggrawal joins LT Foods as Group Head HR

IndiGo tops the Safe Travel Barometer in India

BEML Ltd raises Rs. 150 crores through Commercial Paper

SRL Diagnostics extends its collaborative endeavors for AI in Histopathology

Mphasis is a leading Machine Learning (ML) solutions partner in AWS Marketplace

Discovered price of Rs. 475 accepted as delisting offer price of Hexaware Technologies Ltd

Bajaj Holdings & Investment Ltd Board to consider Q2 results on October 22, 2020

Maharashtra Scooters Ltd Board to consider Q2 results on October 20, 2020

Global investment firm KKR to invest ₹ 5,550 crore in Reliance Retail Ventures

Sun Pharma announces the launch of ILUMYA® (tildrakizumab) for treatment of Plaque Psoriasis in Japan

Satin Creditcare Network Ltd to consider NCD issue to raise Rs. 175 crore

IndiGo operated its maiden CarGo flight to Chittagong

TCS Deploys AI-Powered Software to Enable Safe Return to Work for its Employees

Lupin Launches Divalproex Sodium ER Tablets USP

HCC closes sale of Farakka Raiganj Highways to Cube Highways at enterprise value of Rs. 1,508 Crore

CG-VAK Software and Exports Limited awarded Endurance Award by CII

Maan Aluminium Ltd recognised as 'Two Star Export House'

TTK Prestige Ltd board to consider 2nd quarter results on Nov 10, 2020

Federal Bank Offers EMI on Debit Cards to Customers for Purchase of Two Wheelers

GE to pursue exit from new build coal power market

Wonderla Holidays Ltd. Launches

Fitch takes rating action on Four Indian NBFIs following pandemic-impact review

ANUH Pharma Ltd approves allotment of 2,50,56,000 Equity Shares

Morrisons Expands Strategic Partnership with TCS

CRISIL reaffirms commercial paper rating of Cadila Healthcare Ltd

Strides receives USFDA approval for Butalbital, Acetaminophen, and Caffeine Tablets

Kavit Industries Limited to acquire existing pharma company, change name







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019