AU Small Finance Bank To Launch 75 AU Study Centers In Karnataka

* Benefitting 1,500 underprivileged children with quality education and extra-curricular activities with life skills training

AU Small Finance Bank, India’s largest small finance bank, has launched 75 study centers across Karnataka, Andhra Pradesh, and Tamil Nadu, benefiting over 1,500 underprivileged children aged 8-13 in South India. This initiative provides comprehensive education support through coaching classes and extracurricular activities, empowering young minds to reach their full potential.

The initiative will establish 75 study centers across rural villages in Karnataka, Andhra Pradesh, and Tamil Nadu, each staffed by a dedicated teacher. These centers will provide two hours of after-school academic coaching on weekdays, offering extra support to students, and sports training on Saturdays to promote physical development and teamwork. Additionally, students will receive essential life skills education, covering health and hygiene, child rights and protection, and more, empowering them with comprehensive knowledge and skills for their future.

Speaking at the occasion, Sanjay Agarwal, Founder, MD & CEO, AU Small Finance Bank, said, “Education is the foundation of a thriving society, and today's children are the architects of our nation's future. At AU Small Finance Bank, we are dedicated to nurturing this future by focusing on both foundational education and skill development. Our commitment to skill education is rooted in empowering young minds, improving grassroots education, and equipping students with essential skills to thrive. We're committed to enhancing academic performance, raising awareness of life skills and child rights, and promoting extracurricular activities like sports for underprivileged children in rural Karnataka, Tamil Nadu, and Andhra Pradesh. Through these initiatives, our mission is to empower the future of these children."

AU SFB supports 2,500 ambitious youth across India in their pursuit of success, through expert online coaching, preparing candidates for competitive entrance and recruitment examinations. Through AU Ignite skill training initiative, we have so far trained 21,962 and placed 17,037 candidates.

About AU Small Finance Bank

AU Small Finance Bank (AU SFB) is India's largest Small Finance Bank, established in 1996 by Sanjay Agarwal and commencing banking operations in April 2017. With 29 years of experience serving rural and semi-urban markets, AU SFB operates a sustainable business model, providing credit to underserved retail and MSME segments and complete banking solutions to customers. As a tech-led bank, AU SFB offers innovative digital products and services, with a strong online presence and a highly rated mobile app. With 2,414 touchpoints across 21 states and 4 UTs, AU SFB serves 1.08 Cr customers with 46,000+ employees. As of June 30, 2024, the bank has a shareholders' fund of ?15,516 Cr, deposits of ?97,290 Cr, loans of ?99,792 Cr, and a balance sheet size of ?1.26 Lac Cr. AU SFB is listed on NSE and BSE, with high external credit ratings of 'AA/Stable' and 'AA+/Stable' from leading rating agencies.

Website:www.aubank.in