AU Small Finance Bank Ltd Stock Price History & Milestones

1996

The Company was originally incorporated as ‘L.N. Finco Gems Private Limited’ on January 10, 1996 as a private limited company under the Companies Act, 1956 with the RoC.
Incorporated as a private limited company in Rajasthan with an authorised share capital of Rs 0.1 million.

2000

Received certificate of registration under section 45 I A of RBI Act from the RBI to carry on the business of non-banking financial institution without accepting public deposits.

2005

Became commercial associate of HDFC Bank for carrying on the business of financing commercial vehicles.
A fresh certificate of incorporation was issued by the RoC on May 24, 2005, pursuant to the change of name of the Company to Au Financiers (India) Private Limited.

2006

2008

Obtained investment of ? 200 million from India Business Excellence Fund and India Business Excellence Fund-1.

2009

Forayed into Gujarat, the third state where the Company commenced its operations.

2010

Received fresh certificate of registration under section 45 IA of RBI Act from the RBI pursuant to which RBI has classified the Company as a NBFC-ND-AFC.
Obtained investment of ? 350 million, ? 60 million and ? 140 million, from IFC, IBE Fund and IBE Fund -I, respectively.
Attained the status of “Systemically Important Non-Deposit Taking Asset Finance Company”.

2011

Set-up a subsidiary, AuHFL, to provide housing finance services.
Shortlisted for the Financial Times International Finance Corporation-Sustainable Finance Awards in the “Achievement in the Financing at the Base of the Pyramid” category.

2012

Obtained investment of ? 1,500 million and ? 330.44 million from Redwood and IFC, respectively.
Received upgrade of credit rating from CRISIL BBB+ / Stable to CRISIL A / Stable for long term bank facilities by CRISIL Ratings
Set-up a subsidiary, Au Insurance Broking Services Private Limited, to provide insurance and broking services.
Awarded the “Best PE-backed Financial Service Company” by VCCircle.

2013

The Company was converted into a public limited company by way of a special resolution passed by the Shareholders at the EGM held on January 10, 2013
The name of the Company was changed to ‘Au Financiers (India) Limited’.
A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the RoC on January 11, 2013.

2015

Received upgrade of credit rating to CARE A+ for long-term banking facilities by CARE Ratings.
Assigned a credit rating of Ind A+ / Stable for long term banking facilities and NCDs by India Ratings.
Received “in-principle” approval for forming an SFB from the RBI.

2016

Received final approval for carrying on the business of SFB from the RBI.
Received a long term credit rating of BWRAA with Stable Outlook from Brickwork Ratings.
Received upgrade in long-term rating of CRISIL A/ Watch Positive by CRISIL Ratings.
Pursuant to RBI approval dated April 6, 2016, divested its shareholding in AuHFL which was the erstwhile subsidiary company.
Pursuant to RBI approval dated May 18, 2016, divested its entire shareholding in IML (2)
Pursuant to RBI approval dated September 6, 2016, divested 29.53% of the total shareholding of M Power Micro Finance Private Limited.
Divested its entire shareholding in Au Insurance Broking Services Private Limited (“AuIBSPL”), the erstwhile associate company.

2017

Commenced operations as an SFB and the same was notified via RBI press release dated April 19, 2017
Received upgrade of credit rating outlook from Ind A+ / Stable to IND A + / POSITIVE for long term banking facilities and NCDs by India Ratings
Adjudged runner-up in Best Retail NBFC category by Outlook Money Awards, 2016.

2018

AU BANK STARTS ITS SOCIAL CONNECT INITIATIVES WITH PAKHI
AU Bank receives Rajasthan Best Brand Awards 2018
AU Bank organised Free yoga camps in more than 50 cities on International Yoga Day
AU Bank’s humble gesture to convey gratitude to the Doctors on their special day
AU Small Finance Bank ties up with Aurionpro Solutions
CRISIL upgrades AU Small Fin Bank's rating to low credit risk 'AA-'
Au Small Finance Bank Has Entered Into Agreement With The New India Assurance Company Limited

2019

Au Small Finance Bank - AU SMALL FINANCE BANK LIMITED ('The Bank') Enter Into Agreement With TATA AIG

2020

2022

2023

AU Small Finance Bank Limited Enters Into Bancassurance Tie-Up With Max Life Insurance Company Limited.
AU Small Finance Bank Limited Enters Into Bancassurance Tie-Ups With Star Health And Allied Insurance.

2024

AU Small Finance Bank Ltd. Enters Into Corporate Agency Agreement With Kotak Mahindra Life Insurance.
AU Small Finance Bank received Approval from the RBI for the Amalgamation of Fincare Small Finance Bank Limited into and with AUSFB with effect from April 01, 2024

AU Small Finance Bank Ltd