Latest news with #SanjayAgarwal
United News of India
5 days ago
- Business
- United News of India
AU SFB partners with IFC to integrate climate risk management into core banking strategy
Hyderabad, June 4 (UNI) Marking World Environment Day with a commitment to sustainable finance, AU Small Finance Bank (AU SFB), India's largest small finance bank, on Wednesday said it has partnered with the International Finance Corporation (IFC) to undertake a comprehensive climate risk advisory program. Through this initiative, AU SFB will embed climate risk considerations into its governance frameworks, strategic planning, risk management processes, and ESG disclosures – aligning with global best practices and evolving regulatory expectations, the bank said in a release. IFC will serve as AU SFB's lead ESG and climate risk advisor, supporting AU SFB in addressing the growing need for financial institutions to quantify, disclose, and manage climate-related financial risks. The engagement also aligns with the Reserve Bank of India's recent climate disclosure guidelines and global frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD). The collaboration reaffirms AU SFB's commitment to resilient banking systems and sustainable financial inclusion it will include three key components: A detailed evaluation of AU SFB's loan portfolio exposure to physical hazards such as floods, droughts, and extreme weather events. Using Intergovernmental Panel on Climate Change (IPCC) climate scenarios and long-term projections (up to 2100), this study will produce a risk heatmap highlighting vulnerable geographies and sectors. Analysis of potential financial exposure arising from policy shifts, market transitions, and technological disruptions linked to India's low-carbon goals. AU SFB will use Network for Greening the Financial System (NGFS) scenarios to model these risks. Application of the Partnership for Carbon Accounting Financials methodology to measure financed emissions (Scope 3, Category 15) across key asset classes — including corporate loans, SME finance, real estate, and sovereign bonds — for FY 2024–25 and FY 2025–26. To support the technical execution of this advisory program, IFC will work with StepChange, a specialized climate risk solutions provider, for analytical modeling and quantification. Sanjay Agarwal, Founder, MD & CEO, AU Small Finance Bank, said, " This partnership with IFC represents a strategic inflection point in AU SFB's sustainability journey. By systematically integrating climate considerations into our risk architecture and decision-making, we aim to future-proof our portfolio and mobile capital for India's climate transition. This initiative aligns with our dual commitment to responsible banking and creating sustainable value for all stakeholders." AU SFB has already demonstrated strong sustainability leadership by launching a Green Fixed Deposit product that has raised Rs 1,178 crore as of March 31, 2025, with proceeds allocated exclusively to Renewable Energy and Clean Transportation sectors. The bank has achieved a Sustainalytics ESG Risk Rating of 17.1 (Low Risk) and holds an AA rating in the MSCI ESG assessment. UNI KNR BM
Yahoo
29-05-2025
- Business
- Yahoo
Shawbrook extends £20m revolving credit to ScotLend
UK-based specialist lender Shawbrook has extended a £20m ($27m) revolving credit facility to ScotLend. This mark a milestone for Shawbrook's speciality finance team as its first transaction supporting a Scottish-based lender. The facility aims to enhance ScotLend's national presence in the bridging finance market, offering loans ranging from £30,000 to £2m across the UK. Founded last year by David Travers and Sanjay Agarwal, ScotLend leverages Travers' property lending expertise and Argarwal's experience in healthcare and real estate. The venture is said to have grown 'substantially' in its first year, and the new facility is expected to support its expansion plans and bridging finance offerings nationwide. ScotLend collaborated with the speciality finance team to secure a bespoke facility, which not only addresses ScotLend's immediate needs but also provides flexibility for future growth. Travers said: 'Our vision is to scale our business, while maintaining the company's focus of customer service and professionalism. 'Shawbrook's support is crucial in achieving this next step of ScotLend's evolution, and their understanding of our market, long-term view and flexible deal structure aligns perfectly with our aspirations. Shawbrook senior director Chris Clarke said: 'We are delighted to partner with ScotLend and support their impressive growth plans. There were a range of factors to consider in this transaction, including Scottish legal aspects. 'Overcoming these legal nuances has been a testament to the collaborative efforts of both our teams, and we look forward to seeing ScotLend's continued success.' In a separate development, Shawbrook recently extended an eight-figure revolving credit facility to bridging lender Bluecroft Finance to support its expansion in the UK lending market. Additionally, Shawbrook increased its financial backing for specialist development finance lender Magnet Capital, raising its funding line to £25m to aid its continued expansion. "Shawbrook extends £20m revolving credit to ScotLend" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
New Indian Express
11-05-2025
- New Indian Express
Operation Sindoor disrupts Uttarakhand tourism: Mussoorie and Nainital face widespread booking cancellations
DEHRADUN: The recent Operation Sindoor has had a significant impact on tourism in Uttarakhand's Mussoorie and Nainital, with tourists from various states cancelling their advance bookings. Despite the ceasefire declaration, the tense atmosphere persists. "We've seen a substantial decline in bookings, with around 30% of advance bookings cancelled in the city hotels," said Sanjay Agarwal, President of the Mussoorie Hotel Association, adding, "Weekend bookings have also taken a hit, with a nearly 50% drop." In Mussoorie, hotels are not receiving new bookings for May and June. Tourists from states like Punjab, Gujarat, Delhi, Haryana, Madhya Pradesh, Maharashtra, and Uttar Pradesh have cancelled their trips. The situation is similar in Nainital, with reports of booking cancellations.
Business Standard
23-04-2025
- Business
- Business Standard
AU SFB jumps as Q4 PAT climbs 36% YoY to Rs 504 cr
AU Small Finance Bank (SFB) surged 5.58% to Rs 647.50 after the bank reported a standalone net profit of Rs 503.69 crore in Q4 FY25, up 35.86% as against Rs 370.73 crore posted in Q4 FY24. Total income surged 49.27% to Rs 5,031.26 crore in Q4 FY25, compared with Rs 3,370.51 crore posted in Q4 FY24. Profit before tax was at Rs 657.14 crore in the fourth quarter of FY25, registering a growth of 44.47% year-on-year. Net interest income (NII) stood at Rs 2,094 crore in Q4 FY25, up 57% YoY. Net interest margin (NIM) stood at 5.8% in Q4 FY25, compared to 5.1% in Q4 FY24. The banks pre-provisioning operating profit (PPoP) for Q4 FY25 grew 99% YoY to Rs 1,292 crore, compared to Rs 650 crore in Q4 FY24. The bank's total deposits increased 42.53% YoY to Rs 1,24,269 crore in Q4 FY25. CASA deposits increased by 24.46% YoY to Rs 36,253 crore in Q4 FY25, compared to Rs 29,126 crore in Q4 FY24; CASA ratio was at 29%. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 2,477.02 crore as on 31 March 2025 as against Rs 1,237.40 crore as on 31 March 2024. The bank's net non-performing assets (NPAs) stood at Rs 791.34 crore as on 31 March 2025 as against Rs 400.98 crore as on 31 March 2024. The ratio of net NPA to gross advances stood at 2.28% as on 31 March 2025 as against 1.67% as on 31 March 2024. The ratio of net NPA to net advances stood at 0.74% as on 31 March 2025 as against 0.55% as on 31 March 2024. Sanjay Agarwal, Founder, MD & CEO, AU Small Finance Bank said, We are coming out of a tough macroeconomic environment marked by persistent inflation, tight liquidity, a challenging credit environment, and lower-than-expected GDP growth. As we enter FY26, the economic outlook remains uncertain, driven largely by global factors such as tariff war and geopolitical developments. However, India is comparatively well-positioned, with both the Central Government and the RBI implementing supportive measures including tax rationalization, interest rate cuts, and the injection of durable liquidity into the banking system. Against this backdrop, we have delivered a strong performance with higher than sectoral growth in both deposits and advances. We made meaningful progress on productivity and efficiency, which enabled us to deliver stronger profitabilityeven amid a credit cycle in unsecured businesses of microfinance and credit cards. As we celebrate 30 years of AU and 8 years of our banking journey, we remain focused on building an institution that can truly scale with sustainability. I want to express my sincere gratitude to all stakeholders for their continued trust and support. We remain committed to driving financial inclusion, empowering individuals and businesses, and contributing towards strengthening Indias economic resilience and advancing sustainable growth. On a full-year basis, the company's net profit surged 37.21% to Rs 2105.92 crore on a 51.73% surge in revenue from operations to Rs 18590.04 crore in FY24 over FY23. Meanwhile, the board of directors has recommended a dividend of Rs 1 per equity share of Rs 10 each for the financial year ended 31 March 2025, subject to approval of shareholders at the ensuing annual general meeting (AGM) of the bank. The dividend on equity shares will be paid after the same is approved by the shareholders at the ensuing AGM of the bank. AU Small Finance Bank is engaged in providing a range of banking and financial services, including retail banking, wholesale banking, treasury operations, and other services.
Time of India
22-04-2025
- Business
- Time of India
AU Small Finance Bank Q4 profit rises by 18% to 504cr
Jaipur: AU Small Finance Bank on Tuesday reported 18% rise in profit at Rs 504 crore for March quarter FY25 on account of an increase in core income. The bank's net profit was Rs 428 crore in the year-ago quarter. During the latest fourth quarter, the bank's total income increased to Rs 5,031 crore from Rs 3,385 crore in Q4FY24, AU Small Finance Bank (AU SFB) said here. Net Interest Income (NII) grew 57% to Rs 2,094 crore compared to Rs 1,337 crore in the year-ago period, it said. Net Interest Margin (NIM) for Q4FY25 stood at 5.8% compared to 5.1% in Q4FY24, it said. Net profit of the bank in full financial year 2024-25 rose 32% to Rs 2,106 crore from Rs 1,591 crore in the previous fiscal. The Jaipur-based bank declared a dividend of Re 1 per share for FY25 subject to shareholders' approval. However, the bank witnessed some deterioration in its asset quality with gross and Net NPAs NPA (non-performing asset). Sanjay Agarwal, MD & CEO ofAU SFB said, "As we enter FY26, the economic outlook remains uncertain, driven largely by global factors such as tariff war and geopolitical developments." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 35 & Earning? Protect Your Family with ₹1 Cr Life Cover ICICI Pru Life Insurance Plan Get Quote Undo However, India is comparatively well-positioned, with both the central government and the RBI implementing supportive measures — including tax rationalization, interest rate cuts, and the injection of durable liquidity into the banking system, he said. AU SFB in April 2024 amalgamated Fincare Small Finance Bank, marking the first such consolidation in the sector. In an all-stock merger deal first announced on October 29, 2023, where the shareholders of Fincare SFB received 579 shares in AU SFB for every 2,000 equity shares held in Fincare SFB, the merger received final approval from RBI on March 4, 2024, with the effective date of April 1, 2024. tnn
