The lender, while planning its own microfinance loan product, is also said to be exploring the acquisition route which would help it with a ready microfinance platform. "We remain open to the idea of inorganic growth," executive director Uttam Tibrewal told ET, adding : "However, I can t comment on any media reports that suggest we are in discussion with somebody for a merger. We discuss so many things at our small finance bank forum."
The management of AU believes that foraying into microfinance, which is essentially offering small loans to economically weaker and largely under-banked customers without collateral, is a natural extension of its business strategy.
AU Small Finance Bank launches Reward Point Program for CASA & Debit Card customers bilkulonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bilkulonline.com Daily Mail and Mail on Sunday newspapers.
AU Small Finance Bank has partnered with Bajaj Allianz Life Insurance to provide its customers with access to insurance products. The strategic partnership aims to expand the bank s financial offerings and aid customers in financial planning. Customers will be able to avail of retail products including term, savings, retirement, and investment products.
AU Small Finance Bank and Bajaj Allianz Life Insurance enter into strategic partnership thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.