Au FINANCIERS received the in-principle approval from RBI for Small Finance Bank
The Reserve Bank of India (RBI)vide letter dated October 7, 2015 granted ‘in principle’ approval to Au Financiers (India) Limited toset up as a Small Finance Bank.
Au FINANCIERS (INDIA) LIMITED is the only NBFC categorized as an asset finance company to obtain such license. We intend to expand and strengthen our business model to offer a diverse suite of banking products and services by leveraging our asset-based lending strengths, existing customer base and cost efficient, technology driven hub-and-spoke branch operating model to create a successful new SFB. We believe that transitioning to an SFB offers us significant growth potential and we aim to be a retail focused, preferred trusted SFB offering integrated and tailored solutions to customers.
For more details visit RBI press release .