AU Small finance Bank

News and Trends

Rural Lending Platform SarvaGram Secures USD 67 Mn to Expand Credit Offerings

The Series D funding was led by Peak XV Partners, with support from Elevar Equity, Elevation Capital, Temasek, and TVS Capital, reaching INR 950 crore total funding.

News and Trends

Seeds Fincap Raises USD 8.5 Mn Led by Lok Capital and Matrix Partners to Boost MSME Lending and Tech Infrastructure

The Gurugram-based lender provides secured and unsecured loans to MSMEs ranging from INR 1–5 lakhs in ticket size.

News and Trends

Pepul and Cautio Secure Early Stage Funding

The Indian startups listed below have disclosed investment rounds.

News and Trends

Digital Lending Platform Propelld Raises USD 25 Mn Debt for NBFC Arm Edgro

The Bengaluru-based platform aims to deploy the raised money to expand its offerings and market reach.

News and Trends

Fincare Small Finance Bank merges with AU Small Finance Bank

With an emphasis on excellent post-merger customer service and smooth integration, the consolidation expands the client base and improves the distribution network.

News and Trends

RBI Gives Merger Approval of Fincare Small Finance Bank with AU Small Finance Bank

The merger will go into effect on April 1, 2024. AU would gain a presence in southern India and an entry into microfinance with the deal. The merged bank will have 2334 branches and AU's gross advances are Rs 67,624 crore.

Technology

This Is How Technology is Helping Small Banks to Compete with Large Ones

Like they say, there is nothing that technology cannot do