AU Small Finance Bank aims to double balance sheet to Rs 2.5 lakh cr in 3 years: MD Sanjay Agarwal
AU Small Finance Bank is set to double its balance sheet size to Rs 2.5 lakh crore in three years, driven by the acquisition of Fincare SFB and the growing consumption trend in India. The bank has operationalized an Authorised Dealer (AD-I) license, foray in forex with 'AU Remit' and cross-border trade with 'AU DigiTrade'. The bank's managing director, Sanjay Agarwal, aims to achieve a 25% growth rate in the next three years and double its balance sheet size to Rs 2.5 lakh crore by the end of its one decade of existence.