Latest news with #MFIB
Economic Times
2 days ago
- Business
- Economic Times
AU Small Finance Bank to open 51 new branches on Aug 15
AU Small Finance Bank, 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. 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.
Time of India
2 days ago
- Business
- Time of India
AU Small Finance Bank to open 51 new branches on Aug 15
AU Small Finance Bank , 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.
