AU Small Finance Bank Ltd - AU SMALL FINANCE Share Price

Summary

AU Small Finance Bank Limited was originally incorporated as L.N. Finco Gems Private Limited on 10 January 1996 as a Private Limited Company under Companies Act, 1956 with the RoC. In year 2000, the Company 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.Pursuant to change in name of the Company to Au Financiers (India) Private Limited to reflect the diversified finance business, a fresh Certificate of Incorporation was issued by the ROC on May 24, 2005. In 2005, the Company became commercial associate of HDFC Bank for carrying on the business of financing commercial vehicles. In 2006, the Company expanded its operations into Maharashtra. In 2008, the Company obtained investment of Rs 20 crore from India Business Excellence Fund and India Business Excellence Fund-1. In 2009, Company forayed into Gujarat.In 2010, the Company received fresh certificate of registration under section 45 IA of RBI Act from the RBI pursuant to which RBI classified the company as NBFC- ND-AFC. During the year, the company obtained investment of Rs 35 crore, Rs 6 crore and Rs 14 crore, from IFC, IBE Fund and IBE Fund-I, respectively. Also during the year, the company attained the status of Systemically Important Non-Deposit Taking Asset Finance Company.In 2011, AuHFL was established as a subsidiary of the company to provide housing finance services. In 2012, the company... Read More