Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

AU Bank forays into Odisha with its branch launch in Bhubaneswar

Posted On: 2021-01-21 06:59:57 (Time Zone: Arizona, USA)

AU Small Finance Bank, a Scheduled Commercial Bank and one of India's fastest growing retail banks, has commenced its operations in Odisha today with the first AU Bank branch launched in Bhubaneswar. The branch located on Cuttakpuri Road was launched by the Chief Guest - Mr. Ashok Chandra Panda, MOS Social Security & Empowerment of Persons with Disability, Public Enterprises, Science & Technology in presence of Guest of Honour - Mr. Anant Narayan Jena, MLA of Bhubaneshwar Central along with Mr. Prasenjit Ukil, Regional Manager, Branch Banking and Mr. Gourab Kumar Pattnaik, Branch Manager, Bhubaneswar branch.

Over the past few months AU Bank has steadily increased its reach in multiple new states including Karnataka, Uttar Pradesh, West Bengal and now, Odisha. With the launch of this branch, AU Bank now has over 730+ banking touchpoints in 15 states and 2 union territories.

Speaking on the occasion, Mr. Uttam Tibrewal, Executive Director, AU Bank, said, "Last year AU Bank embarked on its journey to the Eastern states starting with Kolkata and this year we are delighted to take this journey ahead with Odisha. The stunning architectures, rich history, vibrant art and mesmerizing music & dance forms make Odisha a culturally rich state. Bhubaneswar is one of the earliest planned cities of Independent India which makes it a hub of education and industries while retaining its cultural richness. We are excited to contribute to the city's progress and are looking forward to serving the residents of Bhubaneswar who are known for their warmth. I am confident that they will experience the same feeling of warmth from AU Bank. AU has a 25-years legacy of being a retail focused and customer centric institution. This is an important step in our journey to becoming a bank with a pan India presence. As a digitally focused bank, we will aim to offer more convenient banking and tailored solutions to the residents of this city."

Since the inception of its banking services, AU Bank has designed products and services keeping in mind the needs and challenges of the customers. The simplified digital banking services offered by AU Bank include Savings Account and FDs through contactless video banking; Instant Savings Account by WhatsApp Banking; QR Code and POS for Payment Services; BHIM UPI; BBPS for Bill Payment (BBPS); Missed call banking; Tab Banking; AU ABHI instant self-onboarding Bank Account, chatbot, new and improved netbanking and Mobile Banking etc. Apart from this, the Orissa branch will offer all other banking services like Savings Account, Current Account, Fixed Deposit, Locker, Mutual Fund, Insurance etc.

In almost four years as a bank, AU has built a solid Net Worth of Rs 4,900 Cr+, strong Deposit base of almost Rs. 27,000 Cr. and a Loan AUM of Rs. 30,500 Cr+. The bank is listed on both the major exchanges NSE and BSE. Despite the unprecedented challenges faced in the year, AU Bank continued to perform well on all fronts, such as deposit growth, liquidity management, asset quality, digital banking, inclusive banking, customer engagement and employee security.

Shares of AU Small Finance Bank Ltd was last trading in BSE at Rs.912.95 as compared to the previous close of Rs. 920.65. The total number of shares traded during the day was 31503 in over 2692 trades.

The stock hit an intraday high of Rs. 927.9 and intraday low of 904.6. The net turnover during the day was Rs. 28779631.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

State Bank of India celebrates International Women's Day and organizes 'Annadan'

Central bank of India celebrated International Women's Day on 8th March 2021.

Dhunseri Ventures Limited divests entire stake in Tastetaria Foods Pvt Ltd

Mishra Dhatu Nigam Limited board to consider interim dividend on Mar 15, 2021

Kesoram Industries Ltd allots equity shares, OCRPS to lenders

Lemon Tree Hotels signs new hotel in Biratnagar in Nepal

Religare Enterprises Ltd allots 2,28,750 equity shares

Tanla Platforms Ltd agrees on the outlook for Annual Operating Plan for FY2021-22

Mindspace Business Parks REIT's SPV sign with data center operator for 0.63 million sq.ft.

Asian Granito Ltd approves allotment of 2,88,888 Equity Shares pursuant to conversion of Warrant

PSP Projects Limited receives LOA amounting to Rs. 1491.34 crores

Zensar wins at the 11th Annual Aegis Graham Bell Awards

NMDC Salutes The Spirit Of Women on IWD 2021

20 brands open stores in four months in Omaxe World Street

Dabur joins hands with to Celebrate International Women's Day

PNB Housing Finance partners with Azad Foundation in 'Women with Wheels' programme

Mahindra Logistics Ltd.'s Board appoints Dr. Anish Shah as Chairman

Vedanta - The Magnificent Women of Vedanta and Their Machines

CMI Limited to venture into retail

SPIC resumes production at plants at Tuticorin

National Grid Transforms its Business with Appirio and Salesforce

Intellect launches Magic Aadhaar, an AI powered comprehensive Aadhaar processing solution to identify, extract, validate and mask Aadhaar details

365squared Ltd appoints Tonio Ellul as Chief Executive Officer with immediate effect

DCW raises INR 410 Crore through OCD and NCD

Mold-Tek Technologies Ltd board declares interim dividend of Rs. 0.60 for FY2020-21

Talbros Automotive Components Limited along with JV wins multi-year orders worth ~Rs. 304 crs

SBI Cards and Payment Services Limited board to consider issue of NCDs

Subex to launch new AI Automation Platform

Pritish Nandy Communications Ltd's promoter buy shares from market for third successive year

Mahindra Finance Appoints Amit Raje as Chief Operating Officer Digital Finance - Digital Business Unit

Vivimed Labs Limited receives 2 product approvals from Uzbekistan

Mold-Tek Packaging Limited Board declares Interim Dividend of Rs. 3

Ind-Ra upgrades Happiest Minds Technologies Limited's Long-Term Issuer Rating

Brickwork reaffirms Dhanlaxmi Bank's rating of Lower Tier-II bonds - Series XV

AGEL commissions 100 MW Gujarat Wind Power Project 5 months before schedule

Meera Industries Limited receives order of $180,000

Atul Auto launches its all new Nxt Gen, Atul RIK CNG Autorickshaw for Gujarat

NATCO receives final approval for Everolimus tablets for the US market

Blue Star declared winner of the prestigious 'Golden Peacock Award for Excellence in Corporate Governance' for 2020

Just Dial enters into an advertisement agreement for IPL

Fortis Hospital, Faridabad extends it services at Mathura, Launches Super Specialty OPD services

Fire accident at Radico Khaitan Ltd's Rampur plant

Adani Ports and SEZ Limited to allot 1 crore shares to Windy Lakeside Invesment Ltd

Hero MotoCorp Limited announces exclusive offer for women riders

Mayukh Dealtrade Ltd board to consider Stock Split of Equity Shares

CARE downgrades ratings of Srei Infrastructure Finance Limited to default category

Shish Industries Limited forms subsidiary

Dhani Services Limited board approves sponsored Level III ADR

Prakash Steelage Ltd board approves sale of shares of Tubacex Prakash India Pvt Ltd

Sayaji Hotels Management Ltd enters into management agreement for 7 properties

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

disclaimer copyright © 2005 - 2020