AU Small Finance Bank to open 51 new branches on Aug 15
, the first to receive in-principle approval from the
Reserve Bank of India
to transition into a
Universal Bank
, on Thursday announced the launch of 51
new branches
across the country.
Independence Day 2025
Before Trump, British used tariffs to kill Indian textile
Bank of Azad Hind: When Netaji gave India its own currency
Swadeshi 2.0: India is no longer just a market, it's a maker
The branches will be inaugurated on
August 15
, 2025, coinciding with the country's 79th
Independence Day
, the bank said in a statement.
The expansion includes 30 liability branches and 21 Microfinance & Inclusive Banking (MFIB) branches, strategically located in high-potential regions such as West Bengal, Gujarat, Telangana, Madhya Pradesh, Odisha, Rajasthan, and Tamil Nadu, it said.
These new branches will offer a full suite of
financial services
, including deposits, payments, collection solutions, trade finance, insurance, investment products, and advanced digital banking, it said.
Additionally, the MFIB branches will provide specialised support for
micro-enterprises
and underserved segments, it added.
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