AU Small Finance Bank has entered into agreement with TATA AIG general insurance (TATA AIG) to act as Corporate Agent for General Insurance. This tie up shall be mutually beneficial for TATA AIG & AU small finance bank in terms of business, market penetration and reach.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused non-banking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.