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

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 Mr. Debasish Kumar, Mayor In Council, Kolkata Municipal Corporation and Mr. Tamal Mukherjee, Chief Public Prosecutor, Sessions Court, Kolkata along with senior leaders from AU Bank including Mr. Rishi Dhariwal, Group Head, Branch Banking; Mr. Yogesh Soni, Chief of Branch Banking Operations; Mr. Prasenjit Ukil, Regional Manager (East India), Branch Banking and Mr. Deepesh Sen, Branch Manager, Kolkata branch. Also present on the occasion were, Mr. Rahul Todi, Managing Director, Shrachi Group; Ms. Arpita Bose, Mrs. Bengal & Ms. Asis Universe Iconic and Mr. 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, Mr. 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.”

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.

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