AU Small Finance Bank’s Wheels Business Crosses ₹50,000 Crore AUM Milestone

AU Small Finance Bank (AU SFB) India’s largest Small Finance Bank and the first in over a decade to receive RBI’s in-principle approval to transition into a Universal Bank announced that its flagship Wheels business has surpassed the ₹50,000 crore Assets Under Management (AUM) milestone. Recorded in August 2026, this achievement reflects nearly three decades of supporting India’s mobility, livelihoods, and economic aspirations, beginning from its origins in 1996 in Rajasthan to serving more than 13.7 lakh customers nationwide. The franchise has maintained a consistent growth trajectory with a 3-year CAGR of 26% and a 5-year CAGR of 29%, accounting for nearly one-third of the bank’s overall loan portfolio.

Diversified Portfolio and Nationwide Reach:
The Wheels business manages a diversified portfolio comprising ₹30,752 crore in new vehicle finance, ₹17,966 crore in pre-owned vehicle finance, and ₹1,767 crore in two-wheeler finance. Backed by AU SFB’s extensive network of over 3,000 service touchpoints across nearly 2,000 locations, the franchise empowers transport operators, farmers, contractors, taxi owners, and emerging entrepreneurs across urban, semi-urban, and rural markets. Commenting on the milestone, Founder, MD & CEO Sanjay Agarwal noted that the franchise will remain a key growth engine as the bank transitions toward becoming a Universal Bank while integrating advanced analytics and AI-led capabilities.