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Building a Future-Ready Workforce: Insights from AU Small Finance Bank’s Head of HR – peoplematters.in
Rajeev Vig, Head of Human Resources at AU Small Finance Bank, emphasized the importance of building a future-ready workforce in a recent interview. According to Vig, the key to achieving this goal is to focus on upskilling and reskilling employees to keep pace with the rapidly changing business landscape.
The bank, which has undergone significant transformation since its inception, has made substantial investments in employee development programs. Vig highlighted that the organization’s approach to building a future-ready workforce is centered around four core pillars: learning and development, performance management, talent acquisition, and employee engagement.
To develop a culture of continuous learning, the bank has introduced various initiatives such as digital literacy programs, leadership development initiatives, and industry-specific training sessions. These programs aim to enhance employees’ skills and knowledge, enabling them to adapt to new technologies and evolving customer expectations.
Vig also emphasized the significance of performance management in driving business outcomes. The bank has implemented a robust performance management system that focuses on setting clear goals, providing regular feedback, and recognizing employee achievements. This approach helps identify areas for improvement and provides opportunities for employees to develop new skills.
In terms of talent acquisition, the bank adopts a strategic approach to attract and retain top talent. Vig highlighted that the organization looks for candidates with a growth mindset, who are willing to learn and adapt to changing business needs. The bank also focuses on promoting diversity and inclusion, recognizing that a diverse workforce brings unique perspectives and ideas.
Employee engagement is another critical aspect of building a future-ready workforce. The bank has implemented various initiatives to foster a positive work culture, including employee recognition programs, wellness initiatives, and open communication channels. Vig emphasized that engaged employees are more likely to be motivated, productive, and committed to driving business success.
In conclusion, AU Small Finance Bank’s approach to building a future-ready workforce is centered around creating a culture of continuous learning, driving performance, attracting and retaining top talent, and fostering employee engagement. By focusing on these key areas, the bank aims to develop a workforce that is equipped to navigate the challenges of a rapidly changing business environment and drive long-term success. As Vig noted, “The future of work is all about being agile, adaptable, and responsive to changing customer needs.” By prioritizing the development of its employees, AU Small Finance Bank is well-positioned to thrive in an increasingly competitive and dynamic market.
Boost your savings! Certain banks are now offering higher FD interest rates of up to 9.10% – find out which banks are leading the pack!
The recent repo rate cut by the Reserve Bank of India (RBI) has led to a reduction in fixed deposit (FD) interest rates by big banks such as SBI, HDFC, ICICI, and Yes Bank. However, some small finance banks are still offering attractive interest rates of up to 9.10% to senior citizens. This presents a good opportunity for senior citizens to invest in fixed deposits and earn risk-free returns.
Small finance banks such as Unity Small Finance Bank, Suryoday Small Finance Bank, Jana Small Finance Bank, Equitas Small Finance Bank, and AU Small Finance Bank are offering high interest rates on FDs. For instance, Unity Small Finance Bank is offering 9.10% interest on a 1001-day deposit, while Suryoday Small Finance Bank is offering 9.10% interest on a 5-year deposit. Similarly, Jana Small Finance Bank is offering 8.75% interest on a 2-3 year deposit, and Equitas Small Finance Bank is offering 8.55% interest on an 888-day deposit.
Senior citizens can benefit from these schemes as they offer special interest rates that are higher than what is being offered by big banks. However, before investing, it is essential to ensure that the bank is authorized by the RBI and has a Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance cover of up to Rs 5 lakh. Additionally, it is crucial to understand that these special interest rates may be for a limited period, and it is necessary to thoroughly understand all the rules and regulations before investing.
In conclusion, small finance banks are offering attractive interest rates on fixed deposits, providing senior citizens with an opportunity to earn high returns on their investments. With interest rates ranging from 8% to 9.10%, these schemes are an excellent option for those looking for risk-free returns. By doing their research and ensuring that the bank is reputable and offers the necessary insurance cover, senior citizens can take advantage of these high-interest FD schemes and secure their financial future.
AU Small Finance Bank anticipates reduced credit expenses and enhanced profitability in the fiscal year 2026.
Sanjay Agarwal, the Founder, MD & CEO of AU Small Finance Bank, expressed cautious optimism about the bank’s growth prospects for FY26. Despite the challenges faced in FY25, including a tough business environment and liquidity issues, Agarwal believes that the bank is well-prepared for the current financial year. He attributes this preparedness to the regulator’s focus on growth and the government’s efforts to address liquidity concerns.
Regarding margins, Agarwal expects some improvement, but cautions that it may not happen immediately. He predicts that interest rates on the wholesale side will ease, but this may not translate to higher margins due to the need to offer competitive rates to attract deposits. Agarwal notes that the bank’s small size means it has to price its products 25 basis points higher than larger lenders, which can impact margins.
On asset quality, Agarwal is optimistic that credit costs will come down in FY26. He expects the bank’s retail asset credit cost to decrease from 0.90% to 0.8%, and commercial banking credit cost to decrease from 0.4% to 0.3%. Microfinance credit cost is also expected to improve, with a forecast of 4% for FY26, down from 7.7% in the previous year.
Agarwal attributes the expected improvement in asset quality to the bank’s preparedness and the anticipated pick-up in economic growth. He believes that the worst of the stress in the microfinance sector is behind them, and that the bank has accounted for potential issues in its planning.
When asked about growth prospects, Agarwal declined to provide specific numbers, citing the need to wait and watch the economic environment. However, he suggested that the bank will grow at least twice the nominal GDP growth rate, implying double-digit growth. He also clarified that the issues in Karnataka, which account for 10% of the bank’s book, are under control, with recovery rates improving to 98% in March.
Overall, Agarwal’s outlook for FY26 is cautious, but optimistic. He believes that the bank is well-prepared to navigate the challenges ahead, and that credit costs will come down, leading to an improvement in return on assets. While he is circumspect about providing specific growth targets, he expects the bank to deliver double-digit growth, driven by an anticipated pick-up in economic activity.
AU Bank scores a windfall, securing ₹770 crore through the sale of tier-II bonds.
AU Small Finance Bank has successfully raised ₹770 crore through the sale of tier-II bonds, with an annual coupon of 9.20%. The funding, which saw investments from reputable entities such as HDFC Bank, Nippon India Mutual Fund, insurance companies, and pension funds, is expected to boost the bank’s capital adequacy ratio by approximately 1% to 19.9%.
The proceeds from the bond issue will be used to fuel the bank’s future growth, enabling the bank to extend its digitally powered banking products and services across the country. According to AU Bank’s managing director, Sanjay Agarwal, the fundraising will be instrumental in boosting the bank’s growth trajectory and supporting its expansion plans.
As of the third quarter, the bank’s total loan portfolio stood at ₹1.09 lakh crore, while its deposit base stood at ₹1.12 lakh crore. The successful bond issuance is a testament to the bank’s financial stability and its ability to attract reputable investors.
The injection of funds is expected to have a positive impact on the bank’s operations, enabling it to expand its offerings, improve its services, and increase its geographical footprint. The bank’s commitment to leveraging technology to drive its business is also likely to receive a boost, as it looks to further digitize its operations and offerings.
Overall, AU Small Finance Bank’s successful bond issuance is a significant milestone in its growth journey, and the bank is well-positioned to continue its rapid expansion and growth.
Tight liquidity tests HDFC Bank’s mettle, even with the backing of Nippon Anchor.
AU Small Finance Bank (AU SFB) has successfully raised ₹770 crore through the issuance of Tier-II bonds at a 9.20% coupon rate, led by HDFC Bank and Nippon India Mutual Fund. This is one of the largest Tier-II bond issuances by a small finance bank in India. The transaction, executed on the final working day of FY 2024-25, signals strong investor appetite in India’s small finance bank sector, particularly amid a tight liquidity cycle.
The issuance received robust interest from qualified institutional buyers (QIBs), with anchor investors HDFC Bank and Nippon India Mutual Fund supporting the transaction. The bond issue was oversubscribed nearly 2X, with AU SFB ultimately accepting ₹770 crore in bids. This funding will enhance the bank’s capital adequacy ratio, building on its already strong capital position.
The successful issuance reflects investor trust in AU SFB’s banking franchise and the strength of its capital planning. The bank’s leadership believes that this transaction will power its expansion plans and support its digitally led banking services across India. AU SFB’s CEO, Sanjay Agarwal, expressed gratitude to investors for their continued faith in the bank and acknowledged HDFC Bank’s support.
This capital infusion marks a significant milestone in AU SFB’s strategic capital planning, following its last capital raise in August 2022. The bank has now mobilized over ₹1,200 crore in Tier-II capital in less than three years, enabling it to continue expanding its footprint in underserved and semi-urban markets. With this capital, AU SFB is well-positioned to further its vision of inclusive, technology-driven financial services in India.
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Tight liquidity tests HDFC Bank’s mettle, even with the backing of Nippon Anchor.
AU Small Finance Bank (AU SFB) has successfully raised ₹770 crore through the issuance of Tier-II bonds at a 9.20% coupon rate, led by HDFC Bank and Nippon India Mutual Fund. This is one of the largest Tier-II bond issuances by a small finance bank in India. The transaction, executed on the final working day of FY 2024-25, signals strong investor appetite in India’s small finance bank sector, particularly amid a tight liquidity cycle.
The issuance received robust interest from qualified institutional buyers (QIBs), with anchor investors HDFC Bank and Nippon India Mutual Fund supporting the transaction. The bond issue was oversubscribed nearly 2X, with AU SFB ultimately accepting ₹770 crore in bids. This funding will enhance the bank’s capital adequacy ratio, building on its already strong capital position.
The successful issuance reflects investor trust in AU SFB’s banking franchise and the strength of its capital planning. The bank’s leadership believes that this transaction will power its expansion plans and support its digitally led banking services across India. AU SFB’s CEO, Sanjay Agarwal, expressed gratitude to investors for their continued faith in the bank and acknowledged HDFC Bank’s support.
This capital infusion marks a significant milestone in AU SFB’s strategic capital planning, following its last capital raise in August 2022. The bank has now mobilized over ₹1,200 crore in Tier-II capital in less than three years, enabling it to continue expanding its footprint in underserved and semi-urban markets. With this capital, AU SFB is well-positioned to further its vision of inclusive, technology-driven financial services in India.
AU Small Finance Bank Successfully Completes Impressive ₹770 Crore Tier-II Bond Issue Amidst Challenging Liquidity Conditions
AU Small Finance Bank (AU SFB), India’s largest small finance bank, has successfully completed a capital raise of ₹770 crores through the issuance of Tier-II bonds at a coupon of 9.20%. This fund raise is expected to increase the capital adequacy ratio of the bank by nearly 1%. The bank’s overall capital adequacy ratio stood at 19.9% as of Q3’FY25, including interim profits for 9M’FY25.
The capital raise saw strong participation from Qualified Institutional Buyers (QIBs), including mutual funds, insurance companies, and pension funds. HDFC Bank was the lead manager for the issue and was also the anchor investor, along with Nippon India Mutual Fund. The issuance received an overwhelming response, with subscription of approximately twice the base issue.
The bonds issued have a 10-year maturity, with a call option exercisable after 5 years from the date of issuance. The issue is rated ‘AA/Stable’ by ICRA & CARE. AU SFB’s Founder, MD, and CEO, Sanjay Agarwal, expressed his gratitude to investors for their faith in the bank and its long-term partner HDFC Bank.
The successful completion of this capital raise is a testament to the strength of AU SFB’s banking franchise and the confidence of its investors. The issue proceeds will boost the bank’s future growth trajectory and enable it to extend its digitally powered banking products and services across the country. AU SFB has a history of evaluating its capital position as per its business growth plans and had last done a capital raise in August 2022 for a total capital of ₹2,500 crores.
AU Small Finance Bank secures a funding boost of Rs 770 crore from a consortium of investors, led by HDFC Bank.
AU Small Finance Bank has successfully raised Rs 770 crore by issuing tier-II bonds at a coupon of 9.20% per annum. The bond issue was subscribed by a range of investors, including HDFC Bank, Nippon India Mutual Fund, and other insurance companies and pension funds. The net proceeds from the issue are expected to increase the bank’s capital adequacy ratio by approximately 1%, from 19.9% at the end of December last year.
According to Sanjay Agarwal, Managing Director of AU Bank, the issue proceeds will accelerate the bank’s growth trajectory and enable it to extend its digitally powered banking products and services across the country. At the end of the third quarter, the bank’s total loan portfolio stood at Rs 1.09 lakh crore, while its deposit base was Rs 1.12 lakh crore.
The successful bond issue is a significant milestone for AU Small Finance Bank, which has been expanding rapidly in recent years. The bank’s small size and limited capital base had previously restricted its growth. However, with this capital raise, the bank is now poised for further expansion, leveraging its already strong deposit base and lending platform.
AU Bank’s tier-II bond issue is also a testament to the bank’s ability to attract a diverse range of investors, including prominent financial institutions and insurance companies. This demonstrates the bank’s credibility and attractiveness to institutional investors, which is likely to have a positive impact on its reputation and growth prospects.
Overall, the successful bond issue is a significant step forward for AU Small Finance Bank, providing the necessary capital to support its future growth and expansion plans.
AU Small Finance Bank secures Rs 770 crore funding through Tier-II bond issuance, reports The Week.
AU Small Finance Bank (AU SFB) has successfully raised Rs 770 crore through Tier-II bonds to fund its business growth. The bonds have a 10-year maturity and a coupon rate of 9.20% per annum. This capital raise is expected to increase the bank’s capital adequacy ratio by about 1%. Despite facing adverse market conditions, AU SFB has achieved one of the largest bond issuances by any small finance bank.
The bank’s overall capital adequacy ratio as of the third quarter of FY25, including interim profits for nine months, stands at 19.9%. This indicates that the bank remains well-capitalized. The latest capital raise follows a previous one in August 2022, where the bank raised Rs 2,500 crore, comprising of Rs 2,000 crore in Tier I capital and Rs 500 crore in Tier II capital.
The successful fund raise demonstrates the bank’s ability to navigate challenging market conditions and access capital despite tight liquidity. The Jaipur-based lender is expanding its capital base to support its growth plans, and this capital infusion is expected to support the bank’s future business initiatives. The deal closed on the last working day of 2024-25, marking a significant milestone for the bank’s capitalization. Overall, the bank’s capitalization and gearing position it for future growth and expansion.
AU Small Finance Bank fetches 770 crores via a Tier-II bond issue
AU Small Finance Bank (AU SFB), a leading small finance bank in India, has successfully raised Rs 770 crore through Tier-II bonds to fund its business growth. The bonds, which have a 10-year maturity, carry a coupon rate of 9.20% per annum. This fund raise is expected to increase the bank’s capital adequacy ratio by about 1%. The bank’s overall capital adequacy ratio currently stands at 19.9%, which is considered well-capitalized, as per reports.
The bank’s recent capital raise is significant, especially considering the adverse market conditions prevailing at the time of the deal’s closure on the last working day of 2024-25. The market was experiencing tight liquidity, making it challenging for banks to raise funds. Despite these challenges, AU SFB has successfully issued bonds, making it one of the largest bond issuances by a small finance bank in recent times.
In August 2022, the bank had last raised capital, securing Rs 2,500 crore in Tier I and Tier II capital, comprising Rs 2,000 crore in Tier I capital and Rs 500 crore in Tier II capital. With this latest capital raise, the bank has now raised a total of Rs 2,270 crore in the last two years.
The bank’s success in raising capital demonstrates its ability to capitalize on opportunities and navigate challenging market conditions. As a small finance bank, AU SFB plays a vital role in India’s financial landscape, providing financial services to underserved communities. The bank’s continued ability to raise capital will enable it to expand its operations, increase lending, and improve its ability to support the Indian economy.
According to sources, AU Small Finance Bank is planning to issue Tier II bonds, market insiders claim — TradingView News
India’s AU Small Finance Bank (AUBANK) plans to issue 8 billion rupees ($93.34 million) in bonds, with an option to raise an additional 4 billion rupees, through the sale of 10-year Tier II bonds. The bonds will have a coupon rate of 9.20% per annum and a call option at the end of 5 years. The bank is inviting commitment bids from bankers and investors on Thursday.
AUBANK is not the only issuer in the market today, as multiple deals have been reported, including issues by Axis Finance, IIFCL, IRFC, HDB Financial, and NaBFID, among others. The deals vary in tenure, coupon rates, and issue sizes, with some having a greenshoe option. For instance, IRFC is issuing 30 billion rupees in bonds with a 7.17% coupon rate, while Axis Finance is issuing 5.35 billion rupees with a 7.97% coupon rate.
The Indian credit rating agencies, such as Icra, Care, and India Ratings, have assigned high ratings to many of these deals, indicating a high level of creditworthiness. For example, AUBANK’s 10-year bonds have been rated AA by Icra and Care, while IRFC’s 10-year bonds have been rated AA by Crisil, Icra, and Care. HDB Financial’s 2-year bonds have been rated AAA by Crisil and Care, among others.
It’s worth noting that the interest rates on these bonds are significantly higher than those available on traditional fixed deposits in India, making them an attractive option for investors looking for a relatively safe and lucrative investment opportunity. Overall, the Indian bond market is expected to remain active in the coming days, with various issuers seeking to raise capital through debt placement.
Goldman Sachs endorses AU Small Cap Fund’s prospects, predicting strong earnings growth will outpace its peers over the next few years.
Goldman Sachs has maintained its “Buy” rating on AU Small Finance Bank Ltd., despite lowering its target price to Rs 796 from Rs 813. The bank is seen as an attractive “Growth at a Reasonable Price” play due to its robust earnings growth profile, which is expected to outpace its peers over the next few years. The brokerage firm believes that the current valuation presents an opportunity for investors, as the bank’s strong earnings growth prospects from FY2025-2027 will likely outperform the Bank Nifty index.
AU Small Finance Bank has underperformed the Bank Nifty index recently, primarily due to concerns over profitability amid macroeconomic challenges and concerns related to its microfinance and credit card portfolios. However, Goldman Sachs is optimistic that the bank’s current valuation is attractive, with a strong return on assets (ROA) and return on risk-weighted assets (RORWA) expected in FY2025. The brokerage firm also believes that if the bank secures a universal banking license, it could address regulatory concerns and strengthen investor confidence.
Goldman Sachs expects AU Small Finance Bank to start delivering strong growth in the second half of FY2026, as loan losses related to its microfinance and credit card portfolios peak. For FY2025-2027, the bank is forecasted to achieve 31% earnings growth, outperforming the 28% consensus estimate, with an average ROA of 1.6% and ROE of 15%. Overall, Goldman Sachs sees a strong risk-reward scenario for the bank, making it a good investment opportunity for investors.
Senior Citizens’ FD Offer: Take advantage of 9.10% interest rates on Fixed Deposits from these top banks, find out more details here!
Fixed Deposits (FDs) have been a popular investment option in India for many years, particularly among senior citizens. This is because FDs are considered to be a safe and secure way to invest, with a high return on investment. Senior citizens can earn higher interest rates than normal citizens, typically around 0.5% more, making it an attractive option for those looking to generate a steady income post-retirement.
Banks and non-banking financial companies (NBFCs) offer FDs with interest rates ranging from 2.50% to 9.10% for a period of 7 days to 10 years. Many private banks offer interest rates up to 7%, while some NBFCs offer 9% interest on FDs. This makes FDs a lucrative option for those seeking a high return on investment.
Top banks and NBFCs in India offer FD rates as follows:
* Public Sector Banks: Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, State Bank of India, and Union Bank of India offer interest rates ranging from 7.75% to 7.95%.
* Private Sector Banks: Axis Bank, Bandhan Bank, DBS Bank, HDFC Bank, ICICI Bank, and Yes Bank offer interest rates ranging from 7.75% to 8.25%.
* Small Finance Banks: AU Small Finance Bank, Jan Small Finance Bank, North East Small Finance Bank, Unity Small Finance Bank, and Utkarsh Small Finance Bank offer interest rates ranging from 8.40% to 9.10%.
FDs provide several benefits to senior citizens, including the option to withdraw the full or partial amount before maturity, as well as the option to renew the FD once it matures. Additionally, the Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage up to Rs 5 lakh on deposits with participating banks. With a minimum investment requirement as low as Rs 100, FDs are an accessible and secure investment option for senior citizens.
7 Top-Notch Small Finance Banks Offering Attractive Fixed Deposit Interest Rates
The Reserve Bank of India (RBI) has established a special sector of the banking industry, known as small finance banks, which aims to promote financial inclusion for underserved segments of the economy. These banks are designed to provide access to banking services for micro and small businesses, small and marginal farmers, unorganized sector entities, and small business units that are not currently served by mainstream banks.
The RBI has licensed several small finance banks in India, which operate under the regulatory framework of the RBI. These banks offer a range of services, including deposit accounts, credit, and other financial products. One of the key features of small finance banks is their ability to offer fixed deposit (FD) accounts, which can help individuals and businesses earn interest on their deposits.
Here is a list of some of the small finance banks in India, along with their fixed deposit (FD) interest rates:
* Airtel Bank: 6.15% to 7.10% for 1-year FDs
* Au Small Finance Bank: 6.00% to 7.00% for 1-year FDs
* Equitas Small Finance Bank: 6.00% to 7.50% for 1-year FDs
* ESAF Small Finance Bank: 6.00% to 7.50% for 1-year FDs
* Janalakshmi Financial Services: 6.00% to 7.50% for 1-year FDs
* Suryoday Small Finance Bank: 6.00% to 7.50% for 1-year FDs
Please note that the interest rates may vary depending on the bank, deposit tenure, and other factors. It is always a good idea to check with the bank or their website for the most up-to-date information on their fixed deposit rates.
Overall, small finance banks have made significant progress in extending financial inclusion to underserved segments of the Indian economy. By providing access to banking services, such as fixed deposit accounts, these banks are helping to empower individuals and businesses to achieve their financial goals and improve their standard of living.
Access a Range of Small Finance Financial Institutions
AU Small Finance Bank has announced a reduction in interest rates for fixed deposits (FDs) effective from March 10, 2025. The new interest rates range from 3.75% to 8.50% per annum for general customers, while senior citizens can earn interest rates ranging from 4.25% to 8.77% per annum. The bank has reduced its FD interest rates in response to the Reserve Bank of India (RBI)’s recent decision to reduce the repo rate.
The bank’s previous FD interest rates for general customers ranged from 8.10% to 8.60%, while senior citizens could earn rates between 8.60% to 8.24%. The revised rates are effective from March 10, 2025, and are available for deposits up to Rs. 3 crore.
The reduction in interest rates is a common trend among banks, as the RBI’s repo rate cut has led to a decrease in FD interest rates. Despite this, AU Small Finance Bank is still offering competitive rates, making it a good option for those looking to invest in FDs.
Senior citizens can benefit from the higher interest rates offered by the bank, with maximum returns of 8.50% for FDs with a tenure of 18 months. The bank’s FDs also offer flexible tenures ranging from 7 days to 10 years, allowing investors to customize their investment plans according to their financial goals.
In conclusion, while the reduction in interest rates may not be ideal for FD investors, AU Small Finance Bank is still a good option for those looking to invest in FDs. The bank’s competitive rates, guaranteed returns, and flexible tenures make it a good choice for both general customers and senior citizens. It is recommended to lock in FDs before banks reduce interest rates further, and senior citizens may want to consider FDs with a tenure of 18 months for maximum returns.
Searching for competitive returns? Consider these small finance banks offering up to 9% interest rates
In the wake of the Reserve Bank of India’s recent 25-basis-point repo rate cut, investors are actively seeking fixed deposit (FD) schemes with attractive returns. Small finance banks, established to promote financial inclusion, are now offering interest rates as high as 9% per annum for specific tenures.
Small finance banks are a unique category of banks set up by the RBI to bridge the gap in access to banking services for small farmers, micro-businesses, and workers in the unorganized sector. These banks offer a range of fixed deposit schemes, with some offering interest rates as high as 9% per annum. For instance, Unity Small Finance Bank offers 9% for a 1001-day FD, while NorthEast Small Finance Bank offers 9% for deposits between 18 months and 36 months.
Other small finance banks, such as Suryoday, Utkarsh, Jana, and Ujjivan, offer interest rates ranging from 8.1% to 8.5% per annum for deposits ranging from one to five years. AU Small Finance Bank offers 8.1% for an 18-month FD and 7.25% for a one-year FD.
While small finance banks offer higher interest rates, it’s essential to note that deposits up to Rs 5 lakh per depositor are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). However, financial experts recommend keeping deposits within this insured limit for maximum safety. As these small finance banks operate differently from larger commercial banks, risk management is crucial for investors.
Overall, small finance banks’ FD schemes can be a viable option for investors seeking attractive returns, but it’s important to consider the associated risks and ensure that deposits are within the insured limit to ensure maximum safety.