AU Small Finance Financial institution, the primary to obtain in-principle approval from the Reserve Financial institution of India to transition right into a Common Financial institution, on Thursday introduced the launch of 51 new branches throughout the nation. The branches will probably be inaugurated on August 15, 2025, coinciding with the nation’s 79th Independence Day, the financial institution mentioned in an announcement.
The growth contains 30 legal responsibility branches and 21 Microfinance & Inclusive Banking (MFIB) branches, strategically situated in high-potential areas corresponding to West Bengal, Gujarat, Telangana, Madhya Pradesh, Odisha, Rajasthan, and Tamil Nadu, it mentioned.
These new branches will supply a full suite of monetary providers, together with deposits, funds, assortment options, commerce finance, insurance coverage, funding merchandise, and superior digital banking, it mentioned.
Moreover, the MFIB branches will present specialised assist for micro-enterprises and underserved segments, it added.