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ICICI Securities Report
AU Small Finance Bank Ltd. has always remained ahead in pre-empting future business trends and building capabilities to serve the evolving needs of customers. We derive this view from the bank's past initiatives such as:
reducing exposure to medium and heavy commercial vehicle segment during FY13-FY14;
strategic shift towards used vehicle financing in FY19-FY20 considering slowdown in new vehicle sales;
during nine months-FY22, it calibrated growth in wheels segment as reflected in higher sourcing in customers with more than 700 CIBIL score at 56% versus 45% on assets under management basis; and
focus on building a digital platform during FY20-FY21 given the current wave of digitisation.
Recognising the massive structural growth opportunity across segments, AU Small Finance Bank has reorganised itself into 10 strategic business units to ensure sustainability and scalability.
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