AU Bank was established in 1996 by Mr. Sanjay Agarwal, a qualified Chartered Accountant and first generation entrepreneur.
Initially the bank came into existence as a financier, it functioned as a non-deposit taking non-banking finance company (NBFC), it worked effectively on financing economic development, especially Persons for the lower and middle class with less-served and non-serviced. Over 25 years, the bank has systematically expanded its geographical presence to provide secured funds to customers primarily in the Vehicle Loan, Business Loan and Home Loan segments. In 2015, when RBI came out with the Small Finance Bank Licensing Guidelines, AU was the strongest among 10 selected entities out of 74 applicants to get this coveted licence. AU Financiers transformed into AU Small Finance Bank in April 2017.
Today, the bank is operating as a scheduled commercial bank and Fortune India 500 company. As a retail oriented bank constantly innovating to make banking easier for its customers, AU Bank is now moving towards becoming a digitally led bank with pan India presence.
AU aims to meet every need of its customers.