AU Small Finance Bank has received its shareholders approval in an EGM held on June 15, 2018, to raise Rs 1000 crore from Temasek, a global investment company headquartered at Singapore. This is the largest primary capital infusion in AU Bank and its first ever since their last raise in fiscal 2012. Its Rs 1913 crore IPO last year was a complete Offer-for-Sale with no infusion in the bank.
AU Small Finance Bank is Jaipur Rajasthan based non-banking finance company focused on retail segment serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels.
