AU Small Finance Bank (AU SFB) and Bharti AXA Life Insurance, a wholly owned subsidiary of Bharti Life Ventures (Bharti Group) , today announced its strategic bancassurance partnership aimed at providing AU SFB`s customers with a comprehensive life insurance and financial security solutions.With immediate effect, AU SFB`s customers will gain access to Bharti AXA`s extensive suite of life insurance and financial security solutions, featuring life insurance, term insurance, ULIP plans, savings plans, child education plans, and retirement plans. This strategic partnership is expected to significantly enhance AU SFB`s offerings in Southern India, leveraging Bharti AXA Life`s diversified portfolio to create a holistic ecosystem for customers with a wide range of financial solutions, streamlined services and personalized support.Following its recent application for a universal banking license with the Reserve Bank of India (RBI), AU SFB is strategically enhancing its bancassurance portfolio to provide cutting-edge, technology-driven insurance solutions to its extensive customer base of over 1 crore, spanning diverse segments. This customer-centric strategy empowers AU SFB to assess and address the distinct financial requirements of each customer. Powered by Capital Market - Live News

Net profit of AU Small Finance Bank rose 42.15% to Rs 571.21 crore in the quarter ended September 2024 as against Rs 401.83 crore during the previous quarter ended September 2023. Total Operating Income rose 54.51% to Rs 3910.61 crore in the quarter ended September 2024 as against Rs 2531.05 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income3910.612531.05 55 OPM %52.6055.67 - PBDT758.78533.38 42 PBT758.78533.38 42 NP571.21401.83 42 Powered by Capital Market - Live News

AU Small Finance Bank will hold a meeting of the Board of Directors of the Company on 23 October 2024Powered by Capital Market - Live News

AU Small Finance Bank has allotted 1,13,932 equity shares under ESOS on 26 September 2024. The paid-up equity share capital of the Bank will accordingly increase from Rs. 7,43,42,33,580 to Rs. 7,43,53,72,900.Powered by Capital Market - Live News

AU Small Finance Bank (AU SFB) announced its partnership with Niva Bupa Health Insurance Company (Niva Bupa) to offer health insurance products to AU SFB`s customers. Building on Niva Bupa`s existing relationship with Fincare Small Finance Bank (now merged with AU SFB), this collaboration introduces a refreshed business proposition, further enhancing the bank`s customer offerings. Through this partnership, AU SFB`s new and existing customers, including those from former Fincare SFB branches, can now access Niva Bupa`s extensive range of retail as well as group health insurance products, encompassing health, personal accident and critical illness plans across the 2,414 touchpoints in India. This partnership is aimed to enable AU SFB to create affordable and transparent value proposition through technology and service modules. Leveraging Niva Bupa`s network of 210 physical branches across 22 states and 4 union territories, along with AU SFB`s distribution reach across India, both entities will collaborate to provide personalized and customer first health insurance solutions.Powered by Capital Market - Live News