Friday, Apr 19 2024 | Time 08:43 Hrs(IST)
image
Business EconomyPosted at: Nov 12 2020 5:33PM


AU Bank forays into East India with its branch launch in Kolkata

Kolkata, November 12 (UNI) AU Small Finance Bank, a Scheduled
Commercial Bank and one of India's fastest growing retail banks, has
commenced its operations in Eastern India today with the first AU Bank
branch launched in Kolkata.
The branch located at B.B.D. Bag was launched by Debasish Kumar,
Mayor In Council, Kolkata Municipal Corporation and Tamal Mukherjee,
Chief Public Prosecutor, Sessions Court, Kolkata along with senior
leaders from AU Bank including Rishi Dhariwal, Group Head, Branch
Banking; Yogesh Soni, Chief of Branch Banking Operations; Prasenjit
Ukil, Regional Manager (East India), Branch Banking and Mr. Deepesh
Sen, Branch Manager, Kolkata branch.
Also present on the occasion were, Rahul Todi, Managing Director,
Shrachi Group; Arpita Bose, Mrs. Bengal & Ms. Asis Universe Iconic
and Avirup Sengupta, Dancer & Choreographer.
Over the past few months AU Bank has steadily increased its reach
in the multiple new states including Karnataka, Uttar Pradesh and now,
West Bengal. With the launch of this branch, AU Bank now has over 710
banking touchpoints in 13 states and 2 union territories.
Speaking on the occasion, Uttam Tibrewal, Executive Director, AU
Bank, said, “AU Bank has embarked on its journey to the Eastern states
starting with Kolkata. The city has been the hub of trade and commerce
ever since the days of independence. In fact, it emerged as probably
the first city with metro culture in India as it was a forerunner in
the field of drama, art and theatre which led to progressive
thinking.”
“We are excited to be in this city and are looking forward to
serving the residents of Kolkata who are known for their warmth. I am
confident that they will experience the same feeling of warmth from AU
Bank. This is also an important step in our journey to become a bank
with a pan India presence. AU has a 25-year legacy of being a
retail-based and customer-centric institution. As a digitally focused
bank, we will aim to offer more convenient banking and tailored
solutions to the residents of this city," Tibrewal said.
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 etc.
Apart from this, the Kolkata branch will offer all other banking
services like Savings Account, Current Account, Fixed Deposit, Locker,
Mutual Fund, Insurance etc.
In the last three and a half 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.
In the second quarter of FY ’20-‘21, AU Bank's Profit After Tax
(PAT) has increased by 28 percent. Despite the unprecedented
challenges faced in the last few months, 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.
UNI BM SJC AND
Please log in to get detailed story.
Tags: #AU Bank forays into East India with its branch launch in Kolkata
More News

Bajaj Auto net profit at Rs 1936 cr in Q4; clocks all-time high revenue in FY24

18 Apr 2024 | 6:46 PM

New Delhi, Apr 18 (UNI) Two wheeler auto major Bajaj Auto on Thursday announced 29 percent jump in its revenue in Q4 (January-March) at 11,485 crore, led by the broad based buoyancy that was sustained on the domestic business and aided by steady exports.

see more..

Entering share market can boost growth of SMEs: Infopark event

18 Apr 2024 | 6:31 PM

Kochi, Apr 18 (UNI) Small and marginal companies in Kerala enjoy immense scope for growth by entering the stock market, experts said at an Infopark-organised event here on Thursday.

see more..

18 Apr 2024 | 6:09 PM

New Delhi, Apr 18 (UNI) Angle One, a retail stock broking house in India, today announced 31 per cent jump in net profit at Rs 340 crore during Q4 of the last financial year over Rs 260.3 crore in the previous quarter.

see more..

Microsoft and ByteXL join hands to Present HackXcelerate 2024 at CBIT in Hyderabad

18 Apr 2024 | 5:57 PM

Hyderabad, Apr 18 (UNI) Microsoft, a global technology leader, has joined hands with ByteXL, a pioneering EdTech platform, to present HackXcelerate 2024, a nationwide hackathon aimed at igniting creativity and enhancing problem-solving skills among students.

see more..

Honda Motorcycle & Scooter India inaugurates new Engine Assembly Line for CKD exports

18 Apr 2024 | 5:46 PM

Gurugram, Apr 18 (UNI) Honda Motorcycle & Scooter India (HMSI), one of the country’s leading two-wheeler manufacturers, has announced a significant milestone in its journey.

see more..
image