AU Small Finance Bank to double biz by 2027
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New Delhi: AU Small Finance Bank is targeting to double its balance sheet size to Rs2.5 lakh crore in three years, helped by the acquisition of Fincare SFB and the growing consumption trend in the country.
The bank earlier this week operationalized Authorised Dealer (AD-I) license with foray in forex with ‘AU Remit’ and Cross-border Trade with ‘AU DigiTrade’.
“We are targeting a growth of 25 per cent in the next three years and we should double the balance sheet size to Rs2.5 lakh crore by the time we complete one decade of existence,” AU Small Finance Bank managing director Sanjay Agarwal told PTI.
The bank started its business in 2017, with a balance sheet size of Rs10,000 crore, which has now crossed Rs1.25 lakh crore.
