AU Small Finance Bank has received shareholders' nod for raising equity and debt capital totalling up to Rs 14,500 crore to fund its business growth. The shareholders of the bank have passed the fund raise proposals at its annual general meeting (AGM) held on August 17, 2021.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking 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.
