Wednesday, June 5, 2024

On World Environment Day, AU Small Finance Bank Organizes Nationwide tTee Plantation Drive

AU Small Finance Bank (AU SFB), India’s largest small finance bank, in a demonstration of its commitment to environmental sustainability, organized an extensive “Tree Plantation” drive on World Environment Day, today. The plantation drive spanned eleven locations across India, including Jaipur, Chandigarh, Delhi, Raipur, Ahmedabad, Rohtak, Bengaluru, Indore, Mumbai, Pune, and Kolkata.

5th June is celebrated as World Environment Day globally. This year’s theme is land restoration, desertification and drought resilience and the slogan is ‘Our Land Our Future’. As tree plantation helps in land restoration, avoid desertification, and make ecosystem drought resilient, AU SFB has planned this drive.

While highlighting its significance, Mr. Sanjay Agarwal, Founder, MD & CEO, AU Small Finance Bank, said, “This tree plantation drive aligns with our unwavering commitment to the environment and sustainable practices. AU SFB recognizes ‘Environment’ as a key stakeholder and therefore we have intensified our sustainability efforts under the guidance of the Sustainability Committee of the Board. As an organization we are committed to a sustainable future."

AU Small Finance Bank is at the forefront of Environmental, Social, and Governance (ESG) initiatives, reflected by its enhanced ratings on prominent sustainability platforms. This recognition underscores the bank’s commitment to sustainability and its pioneering efforts in the banking industry.

Furthering its commitment to ESG initiatives and customer-centric solutions, AU Small Finance Bank also offers AU Green Fixed Deposit. Funds raised through this innovative product are exclusively allocated to essential green projects, including solar power and electric mobility solutions, thereby supporting climate action.

About AU Small Finance Bank

AU Small Finance Bank Limited (AU SFB) is a scheduled commercial bank and has established itself as the largest SFB in India since starting its banking journey in April 2017. Established in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU SFB boasts a 29 years-legacy with deep understanding of the rural and semi-urban markets and customer segments. The Bank operates a sustainable business model that facilitates credit to the unserved and underserved retail and MSME customer segments while providing complete banking solutions to its deposit and branch banking customers. As a tech-led Bank, AU has a strong digital presence with innovative products and services like 24X7 video banking, credit cards, personal loans, UPI QRs, payments, merchant lending, WhatsApp Banking, Chatbots etc. and its digital bank application AU0101 remains among the higher rated banking apps in India.

The Bank operates from 2,383 banking touchpoints across 21 States & 4 Union Territories serving 1.1 Cr customers with an employee base of 46,000+ employees. As on 31st Mar’24, on the proforma merged basis, Bank has a Net worth of ?14,980 Cr, deposit base of ?97,704 Cr, Gross Loan Portfolio of ?96,490 Cr and a Balance sheet size of ?1.26 Lac Cr. AU SFB enjoys the trust of marquee investors and is listed at both NSE and BSE. It has consistently maintained high external credit Rating and is presently rated ‘AA/Stable’ by CRISIL, CARE Ratings and India Ratings, while the Bank’s FD is rated ‘AA+/Stable’ from CRISIL Ratings.


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