AU Small Finance Bank has commenced its operations in Odisha with the first AU Bank branch launched in Bhubaneswar.
Uttam Tibrewal, Executive Director, AU Bank, said, “Last year AU Bank embarked on its journey to the Eastern states starting with Kolkata and this year we are delighted to take this journey ahead with Odisha. The stunning architectures, rich history, vibrant art and mesmerizing music & dance forms make Odisha a culturally rich state. Bhubaneswar is one of the earliest planned cities of Independent India which makes it a hub of education and industries while retaining its cultural richness. We are excited to contribute to the city’s progress and are looking forward to serving the residents of Bhubaneswar who are known for their warmth.”
Tibrewal added, “I am confident that they will experience the same feeling of warmth from AU Bank. AU has a 25-years legacy of being a retail-focused and customer-centric institution. This is an important step in our journey to becoming 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.”
Over the past few months AU Bank has steadily increased its reach in multiple new states including Karnataka, Uttar Pradesh, West Bengal and now, Odisha. With the launch of this branch, AU Bank now has over 730+ banking touchpoints in 15 states and 2 union territories.
At around 2.39 pm, AU Small Finance Bank was trading at Rs893.15 per piece down by Rs19 or 2.08% on Sensex.
( With inputs from indiainfoline)
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