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Jammuheavy emphasis on localization in its current and future range of products,...

heavy emphasis on localization in its current and future range of products, offering customers a compelling value proposition. AU Small Finance Bank launches its 1000th Banking Touchpoint

Date:

Jammu Tawi: AU Small Finance Bank, 's largest Small Finance Bank and one of the fastest-growing retail banks in India, today launched
its 1000th banking touchpoint located at Indira Nagar, Bengaluru. This is a significant benchmark in AU SFB's pan-India presence journey, and
it further strengthens the Bank's presence in India's Silicon Valley with eight banking touchpoints in the city. The branch was inaugurated by Dr
Nandakumar Jairam, Ex-Chairman, CEO and Group Medical Director, Columbia Asia Hospital; B.N.S Reddy (EX IPS), Rtd. Inspector General
of Police and Present President of Indiranagar Clubalong with Avinash Sharan, Manager, Branch Banking, AU Small
Finance Bank and Lloyd Joseph. Lobo, Circle Manager (South), AU Small Finance Bank. Speaking on the development, Uttam Tibrewal,
Executive Director, AU Small Finance Bank, said, “Today, as we reach the 1000 touchpoint landmark, it is immensely humbling to look back at
this journey of five and a half years that started with 300+ touchpoints. In this duration, we have built a balance sheet size of Rs 77,800 Cr+,
deposit base of ₹ 58,300 Cr+ and Gross Advances of ₹52,400 Cr+ with steadily improving granularity. It Is heartening to see the impact that
we have been able to make through this journey. The core focus has been on building a comprehensive suite of products, services & digital
solutions with high customer engagement. Banking is about distribution and reach to the customers. They can also avail the competitive &
customer friendly interest rate on Savings Account & deposits.” Speaking on AU Small Finance Bank's expansion plan for South India, Avinash
Sharan, National Business Manager, Branch Banking, AU Small Finance Bank, said, “We forayed in South India two years back with three
branches. Over the last 11 months, we have ambitiously expanded our presence to 18 touchpoints in South while building a deposit book of
~700 crores. Bangalore is the Silicon Valley of India, which has built many unicorns over the years. This is testament to the conducive business
of the state. Our banking services for the salaried, self-employed, and small business segment which thrive in the large IT industry,
Aerospace hub and biotech hubs, would help us strengthen our business in the state while winning customers' confidence here.” Dr
Nandakumar Jairam, Ex-Chairman, CEO and Group Medical Director, Columbia Asia Hospital, said, “I am extremely delighted to inaugurate
the 1000th Banking Touchpoint of AU Bank in our city. AU Small Finance Bank Has an unwavering focus on financial inclusion and extensive
experience of relentlessly working to serve the customers I'm sure the residents of our city and the entire south India stand to gain a great deal
with AU Bank's expansion here.” B.N.S Reddy (Ex. IPS), Rtd. Inspector General of Police and Present President of Indiranagar Club said
“People in Bangalore are possibly the most tech savvy crowd of India. I was pleased to note that they have built a digital stack of super app
AU0101&video banking that enhances customer convenience to a great deal.”

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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