AU Small Finance Bank is one of the banks of the SFBs segment by the Reserve Bank Of India. We can also say that AU Small Finance Bank is one of the largest SFBs in India. The reason AU Bank is the largest out of many or almost all SFBs is mostly because it has all the banking facilities, products, and services available. One of the best examples of AU Small Finance Bank would be AU Bank Altura Credit Card and many others. Over the years since the approval from RBI in 2017, the banks have grown in the number of assets owned. Not just that but the number of customers is also increasing along with the products and services.
As of 2021 June, the AU Banks distribution network was composed of 1000+ banking touchpoints with over 2 million customers. The bank is rapidly growing and is currently well established in 15 states and 2 Union territories of India. Undoubtedly the numbers look decent for the bank, be it for the number of banks, number of customers, number of assets, or the financial value evaluation for all. The bank has reported a GNPA of 4.3% and an NNPA of 2.3% which might not look too great but is not terrible at all.
The AU Small Finance Bank is a scheduled commercial bank and RBI has also rescued all the depositors of all such banks. The bank has enough of a capital buffer and there is also a guarantee from the government but most importantly, the Indian depositors have yet to see any losses from scheduled banks like AU.
The AU Bank is a part of the SFBs segment by RBI. The depositors are safe and secure due to RBI rules and the government support is there as well. The figures are great for any depositors to trust and if you look into the terms and conditions, you will be able to find out that the bank is completely trustworthy because not only it was licensed by the RBI regarding financial services but also due to the government protection with a scheduled bank like AU Bank.