AU Small Finance Bank today said it has received shareholders approval to raise Rs 1,000 crore from Singapore-based investment firm Temasek.
This would be the largest primary capital infusion in in the bank and its first ever since its last raise in 2011-12, AU Small Finance Bank said in a statement.
Its Rs 1,913 crore IPO last year was a complete Offer-for-Sale with no infusion in the bank, it said.
AU Bank's shareholders include IFC, Warburg Pincus, Chrys Capital and Kedaara Capital.
It said the bank clocked a strong disbursement growth of more than 60 per cent, AUM growth of about 50 per cent and mobilized Rs 8,000 crore of deposits, in 2017-18.
As of March 31 2018, AU Bank had expanded its branch network to over 500 touch points including 306 bank branches, 97 asset centers, 89 BC outlets, 23 offices and 292 ATMs.
Disclaimer: No Business Standard Journalist was involved in creation of this content
