Fincare Sfb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AU Small Finance Bank is set to double its balance sheet size to Rs 2.5 lakh crore in three years, driven by the acquisition of Fincare SFB and the growing consumption trend in India. The bank has operationalized an Authorised Dealer (AD-I) license, foray in forex with 'AU Remit' and cross-border trade with 'AU DigiTrade'. The bank's managing director, Sanjay Agarwal, aims to achieve a 25% growth rate in the next three years and double its balance sheet size to Rs 2.5 lakh crore by the end of its one decade of existence.

This merger presents significant opportunities to expand the deposit and asset franchise, particularly in South India.

The merged entity will have over 98 lakh customers and more than 43,000 employees

Following the modification, will bank offers the highest interest rates on savings accounts up to 7.50%.

Fixed Deposits are the term deposit accounts that let investors earn interest by depositing an amount for a certain period of time. The investment instrument is the best fit for risk-averse investors that lets them earn interest on the deposited amount over a period of time. Watch Business Today's Visual Story to know about fixed deposit schemes that are offering over 9% interest rate