AU Small Finance Bank gains on entering into partnership with Life Insurance Corporation of India
AU Small Finance Bank is currently trading at Rs. 824.45, up by 6.70 points or 0.82% from its previous closing of Rs. 817.75 on the BSE.
The scrip opened at Rs. 817.25 and has touched a high and low of Rs. 829.00 and Rs. 817.25 respectively. So far 9708 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 829.65 on 1-July-2025 and a 52 week low of Rs. 479.00 on 18-Mar-2025.
Last one week high and low of the scrip stood at Rs. 829.65 and Rs. 794.45 respectively. The current market cap of the company is Rs. 61374.09 crore.
The promoters holding in the company stood at 22.87%, while Institutions and Non-Institutions held 62.75% and 14.38% respectively.
AU Small Finance Bank has entered into a strategic partnership with Life Insurance Corporation of India (LIC), the country’s largest life insurer. The collaboration supports the national vision of ‘Insurance for All by 2047’, aimed at deepening insurance penetration and financial protection across India’s underserved population.
Under this tie-up, the bank will distribute LIC’s comprehensive portfolio of life insurance solutions, including term insurance, endowment plans, whole life policies, pension and annuity products, and child specific plans catering to a broad spectrum of protection and retirement needs. These offerings will be available across the bank’s 2,456 plus banking touchpoints in 21 states and 4 union territories, significantly expanding LIC’s reach into rural and semi-urban regions.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
