NEW DELHI: AU Small Finance Bank is all set to hit the market with an initial public offering ( IPO ) on Wednesday. AU SFB commenced business as a small finance bank on April 19, 2017. The transition to SFB has offered AU SFB significant growth potential and will help deliver improved performance and return ratios. AU SFB has also displayed strong focus on optimising costs to keep profitability levels high. An important distinguishing factor is that Au SFB is a small finance bank and can raise deposits to keep the cost of funds low, unlike its peers.

Source: Economic Times June 27, 2017 13:03 UTC