AU Small Finance Bank

AU Small Finance Bank has rejected allegations of misconduct following regulatory restrictions imposed in Haryana, asserting that its operations remain compliant with applicable laws and banking norms. The lender said it is engaging with authorities to address concerns and restore normal business activity in the state. The development has drawn market attention, highlighting the heightened scrutiny facing financial institutions amid tighter oversight.

AU Small Finance Bank reported a solid financial performance in the third quarter, posting a 26 percent year-on-year increase in net profit as core banking income strengthened and asset quality remained stable. The lender benefited from healthy credit growth, improved net interest margins and disciplined cost management. Despite a competitive lending environment and elevated funding costs, the bank’s focus on granular retail lending and prudent risk practices supported earnings momentum.

AU Small Finance Bank has appointed Bollywood actors Ranbir Kapoor and Rashmika Mandanna as its new brand ambassadors, reinforcing its strategy to deepen national visibility and strengthen consumer trust. The partnership aims to align the bank’s youthful, aspirational branding with personalities who resonate strongly across India’s expanding retail customer base. By integrating the celebrity duo into upcoming campaigns, AU SFB seeks to accelerate its outreach in competitive segments such as digital banking, savings products, and retail lending.

AU Small Finance Bank has fortified its executive leadership with the appointment of new directors to its board, signaling a strategic focus on governance, operational excellence, and growth. These appointments are aimed at enhancing the bank’s strategic oversight amid evolving regulatory and market dynamics. By bringing in professionals with diverse expertise in banking, finance, and corporate governance, the institution seeks to bolster decision-making, risk management, and shareholder value creation.

AU Small Finance Bank, one of India’s fastest-growing financial institutions, has partnered with fintech firm Zaggle to introduce co-branded credit cards aimed at enhancing customer convenience and rewards. The collaboration seeks to merge the bank’s financial expertise with Zaggle’s technology-driven solutions, delivering a product tailored for both retail and corporate users. With features designed around digital transactions, rewards programs, and spending insights, the new cards reflect the growing synergy between traditional banking and fintech innovation.

AU Small Finance Bank, one of India’s fastest-growing banking institutions, has established dedicated guesthouses in Rajasthan, signaling a distinctive approach to employee welfare and regional hospitality engagement. These facilities, strategically located across key cities in the state, aim to provide high-quality accommodation for staff and visiting executives while also reinforcing the bank’s deep-rooted connection to its home market.

AU Small Finance Bank announced a series of executive-level appointments, reinforcing its leadership structure and preparing for scalable expansion. The bank has inducted two independent directors—cybersecurity specialist and former IPS officer Nandkumar Saravade, and human capital executive Jagajit Mangal Prasad. Key hires include Yogesh Jain as Chief Operating Officer, Vivek Tripathi as Chief Credit Officer, and Dhavan Shah as Head of Commercial Banking. Internal promotions extend to Avinash Sharan (Branch Banking) and Arvind Butola (Credit Cards & Unsecured Loans).

AU Small Finance Bank (AU SFB) reported a robust 18% year-on-year increase in net profit for the March quarter of FY25, clocking Rs. 504 crore, bolstered by a sharp rise in net interest income. For the full fiscal year, the bank's profits surged 32% to Rs. 2,106 crore. However, the positive earnings were tempered by asset quality concerns, with both gross and net NPAs inching up. The bank also completed a landmark merger with Fincare Small Finance Bank, marking a consolidation milestone in the sector.