Kolkata: AU Small Finance Bank, a scheduled commercial bank, started its operations in Eastern India on Thursday by launching its first branch in Kolkata. The branch is located at B.B.D. Bag.
The branch was inaugurated by Debasish Kumar, Mayor In Council, Kolkata Municipal Corporation and Tamal Mukherjee, Chief Public Prosecutor, Sessions Court, Kolkata along with senior officials 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 Deepesh Sen, Branch Manager, Kolkata Branch.
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 Kolkata branch, AU Bank now has over 710 banking touch-points in 13 states and 2 union territories.
Uttam Tibrewal, Executive Director, AU Bank, said, “AU Bank has embarked on its journey to the Eastern states starting with Kolkata. We are excited to be in this city and are looking forward to serving the residents of Kolkata.”
Uttam Tibrewal said, “This is also an important step in our journey to become a bank with a pan India presence. As a digitally focused bank, we will aim to offer more convenient banking and tailored solutions to the residents of this city.”
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.