AU Small Finance Bank aims to double its balance sheet size to Rs 2.5 trillion in three years, supported by the recent acquisition of Fincare SFB. Starting in 2017 with Rs 10,000 crore, the bank’s balance sheet now exceeds Rs 1.25 trillion. With a growing workforce of 46,000 and 2,400 branches, AU SFB is focused on becoming a bank for generations, following HDFC Bank’s model. The merger with Fincare SFB expands its presence in South India. This marks the first consolidation in the sector since the inception of Small Finance Banks in 2015, aiming to provide basic banking services to underserved sectors.
AU Small Finance Bank Targets Doubling Balance Sheet to Rs 2.5 Trillion
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