The said insurance solutions includes motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance, and more. This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions. The partnership leverages UIIC's vast network of branches in over 1000 tier 2 and tier 3 locations, aligning with AU SFB's expanding infrastructure and growing customer portfolio, the company stated in the filing. AU SFB has recently filed for a universal banking license with the Reserve Bank of India (RBI), and now focused on enhancing its bancassurance portfolio to offer innovative, technology-enabled insurance solutions to its customer base of over 1 crore, across all segments. Uttam Tibrewal, executive director & deputy CEO, AU Small Finance Bank, said, 'We're delighted to partner with United India Insurance Company, a renowned PSU insurance company with a rich legacy and extensive network across India. The combined expertise of two strong entities will enable transparent and personalised banking solutions to AU SFB's customers, nationwide. Our partnership is synergistic towards our efforts to achieve 'Vanchit Ko Variyata', by providing aptly priced and risk-underwritten product solution across retail and SME segments.' Bhupesh Sushil Rahul, chairman cum managing director & H. R. Gangwal, general manager, United India Insurance, said, 'This partnership will make our value-packed and innovative general insurance products available to a significantly larger customer base across the 2,414 touchpoints of AU SFB. Backed by top-tier, new-age services and a digital first approach, we are well placed to enable our customers in achieving their comprehensive Protection Goal aspirations. I am confident that our collective promise of 'Customer First' will lead to a long-term and successful partnership as we enable many more life goals, together.' AU Small Finance Bank (AU SFB/AU) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country. The company's consolidated net profit jumped 29.9% to Rs 502.57 in Q1 FY25 as against 386.90 crore posted in Q1 FY24. Total income surged 55.6% YoY to Rs 4,314.70 crore for the quarter ended 30 June 2024. Powered by Capital Market - Live

AU Small Finance Bank (AU SFB) and United India Insurance Company (UIIC) announced a strategic partnership to offer AU SFB's customers with a wide range of general insurance solutions. It includes motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance, and more. This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions. The partnership leverages UIIC's vast network of branches in over 1000 tier 2 and tier 3 locations, aligning with AU SFB's expanding infrastructure and growing customer portfolio. AU SFB, having recently filed for a universal banking license with the Reserve Bank of India (RBI), is now focused on enhancing its bancassurance portfolio to offer innovative, technology-enabled insurance solutions to its customer base of over 1 crore, across all segments. Through its strategic partnership, AU SFB reaffirms its commitment to serve business communities and underserved areas with tailored products and solutions, aligning with its goals of Viksit Bharat.Powered by Capital Market - Live

AU Small Finance Bank has submitted an application to the Reserve Bank of India (RBI) to seek approval for voluntary transition from a Small Finance Bank to Universal Bank today i.e. on 03 September 2024.Powered by Capital Market - Live

AU Small Finance Bank Ltd rose for a fifth straight session today. The stock is quoting at Rs 632.05, up 1.1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. AU Small Finance Bank Ltd has dropped around 3.69% in last one month. Meanwhile, Nifty Bank index of which AU Small Finance Bank Ltd is a constituent, has dropped around 1.49% in last one month and is currently quoting at 50685.55, up 0.63% on the day. The volume in the stock stood at 7.7 lakh shares today, compared to the daily average of 27.33 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 633.3, up 1.07% on the day. AU Small Finance Bank Ltd is down 13.57% in last one year as compared to a 27.67% gain in NIFTY and a 14.67% gain in the Nifty Bank index.The PE of the stock is 27.13 based on TTM earnings ending June 24.Powered by Capital Market - Live