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What is AU small finance bank?

It was founded as vehicle finance company and NBFC, AU Financiers (India) Ltd in 1996 and converted into a full-fledged small finance bank on 19 April 2017. [ 5 ] The same year, AU Small Finance Bank first became a Fortune India 500 Company, and got listed on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE).

Who is AU Bank?

AU bank started operating in India as a vehicle financing company since 1996 and later converted to a Scheduled Commercial Bank in 2017 upon getting license from RBI. It is a listed entity on NSE & BSE having its origin from Rajasthan.

What does AU stand for in banking?

The ratio of a bank's total operating revenues to total assets, known as its degree of asset utilization (AU), is a measure of asset management efficiency in banking. AU is particularly significant in assessing the mix and yield on assets. Bank income from loans is usually taxable. This passage discusses the importance of asset utilization in banking.

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