Shimla (Himachal Pradesh) [India], October 4: AU Small Finance Bank, India’s largest small finance bank, today demonstrated its unwavering commitment to community welfare by distributing 1,500 raincoats to the Municipal Corporation staff in Shimla. This CSR initiative was part of the conclusion of the Swachhta Pakhwada programme, a nationwide cleanliness drive organized by Municipal Corporations and Urban Local Bodies (ULBs) across India.
With Shimla experiencing heavy rainfall, this initiative aims to safeguard daily wage workers, garbage collectors, sweepers, and on-site construction workers who work in difficult weather conditions. AU Small Finance Bank’s efforts reflect its dedication to support those who are instrumental in maintaining the cleanliness and hygiene of the city.
The raincoat distribution was done by Mr. Surinder Chauhan, Honorable Mayor of Shimla; Smt Uma Kaushal, Deputy Mayor of Shimla; IAS Mr. Bhupinder Attri, Municipal Commissioner, Shimla; Mr. Harish Janartha, MLA, Shimla Urban alongside Mr. Vishal Singla, Regional Sales Manager- Govt. Business, AU Small Finance Bank.
Speaking on the initiative Mr. Sanjay Agarwal, Founder, MD & CEO, AU Small Finance Bank, said, “At AU Small Finance Bank, we believe in building meaningful connections with the communities we serve. We are honored to participate in the Swachhta Pakhwada initiative and supporting the backbone of Shimla’s cleanliness efforts—its municipal workers. This initiative reflects our commitment to go beyond banking and contribute to the well-being and we are proud to play a role in supporting these everyday heroes.”
This initiative is part of AU Small Finance Bank’s broader CSR commitment, which focuses on making meaningful contributions to the communities in which it operates.
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 year-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 2,414 banking touchpoints across 21 States & 4 Union Territories serving 1.08 Cr customers with an employee base of 46,000+ employees. As on 30th June’24, Bank has a Shareholders Funds of Rs 15,516 Cr, Deposit base of Rs 97,290 Cr, Total Loan Portfolio of Rs 99,792 Cr and a Balance sheet size of ~Rs 1.26 Lakh Crore. 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 Ratings, ICRA Ltd., CARE Ratings and India Ratings, while the Bank’s FD is rated ‘AA+/Stable’ from CRISIL Ratings.
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