Au Financiers (India) Limited Pre-budget quote
India 12 January 2017: “The financial market in India is under major transformation with several policy initiatives to bring more transparency in financial transaction and also efforts to offer the banking services to people in far flung areas. In this context, the advancements in technology is going to play a major role such as banking services through mobile and interest modes. The forthcoming budget would like to focus on inclusive growth, smooth financial transaction on digital platforms and lowering IT rates to encourage additional savings. With a vision to move towards a cashless economy, the government may announce further measures to encourage digital payments. By all indications, the budget may see the relentless push by the government for a cashless economy and its implementation by the banking system. There is a need to position the financial institutions like small banks to meet the future challenges with innovative ways and survive.” Mr. Sanjay Agarwal, Managing Director, Au Financiers (India) Limited
About Au Financiers (India) Limited
Au Financiers (India) Limited is a Non-Banking Finance Company based out of Jaipur. The company is engaged in business of Commercial and Personal Vehicle loans, Micro, Small and Medium Enterprise (MSME) loans and SME loans serving primarily low / middle income under-served and unreached customer segment. Au Financiers (India) Limited has a wide network of 301 branches across ten states, right down to tehsils/villages. The Company’s reach extends across ten states and more than 4,75,000 customers.
The company has recently received an in principal approval & final licence from Reserve Bank of India (RBI) to establish & operate Small Finance Bank in India.
For more information on Au Financiers (India) Limited log on to - http://www.aufin.in/