Shahjahanpur, August 23rd, 2024: AU Small Finance Bank, India’s largest SFB, furthering its commitment to social responsibility, launched a flood relief initiative in response to the devastating floods that swept through Shahjahanpur, Lakhimpur and Pilibhit districts in Uttar Pradesh. The Bank undertook an initiative to support hundreds of affected communities and conducted a Grocery Kit Distribution Activity, between August 8th and August 17th, 2024, to reach out to those in dire need.
The heavy rainfall on July 15th, 2024, led to a flood situation in more than 15 villages across these districts, leaving approximately 400 people with damaged crops and several families with destroyed homes. AU SFB team distributed 355 dry ration kits to the flood-affected families across the districts of Shahjahanpur, Lakhimpur, and Pilibhit. Each kit contained essential food items, including 5 kg of wheat flour, 3 kg of rice, 1 kg of cooking oil and 500 gm of pulses. These kits were delivered directly to the homes of the beneficiaries by AU SFB’s CSR team to ensure that the affected families could better sustain themselves during this natural disaster.
Meanwhile, AU SFB has expanded its CSR network across twelve Indian states, such as: Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Karnataka, Maharashtra, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, Telangana and Uttar Pradesh. These comprehensive initiatives include health camps, financial literacy programs, study centers, flood relief activities, tree plantation, and rainwater harvesting. The Bank’s commitment to community welfare and environmental protection is demonstrated through various initiatives.
About AU Small Finance Bank
AU Small Finance Bank Limited (AU SFB) is a scheduled commercial bank and has established itself as the largest SFB in India since starting its banking journey in April 2017. Established in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU SFB boasts a 29 years-legacy with deep understanding of the rural and semi-urban markets and customer segments. The Bank operates a sustainable business model that facilitates credit to the unserved and underserved retail and MSME customer segments while providing complete banking solutions to its deposit and branch banking customers. As a tech-led Bank, AU has a strong digital presence with innovative products and services like 24X7 video banking, credit cards, personal loans, UPI QRs, payments, merchant lending, WhatsApp Banking, Chatbots etc. and its digital bank application AU0101 remains among the higher rated banking apps in India.
The Bank operates from 2,414 banking touchpoints across 21 States & 4 Union Territories serving
1.08 Cr customers with an employee base of 46,000+ employees. As on 30th June’24, Bank has a Shareholders Funds of ₹15,516 Cr, Deposit base of ₹97,290 Cr, Total Loan Portfolio of ₹99,792 Cr and a Balance sheet size of ~₹1.26 Lac Cr. AU SFB enjoys the trust of marquee investors and is listed at both NSE and BSE. It has consistently maintained high external credit Rating and is presently rated ‘AA/Stable’ by CRISIL Ratings, ICRA Ltd., CARE Ratings and India Ratings, while the Bank’s FD is rated ‘AA+/Stable’ from CRISIL Ratings.
Website: www.aubank.in | Twitter: @aubankindia | Facebook:AU Small Finance Bank | LinkedIn:AU Bank
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