AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank, has launched a dedicated Business Banking Branch at Parrys Corner, Chennai, a prominent wholesale trading hub. This initiative aims to support Small and Medium Enterprises (SMEs) and service-led enterprises with specialized and technology-enabled financial services. The branch, located in the commercial heart of North Chennai, will provide high-touch banking services to the city’s thriving business ecosystem.
The Parrys Corner branch was inaugurated by senior officials of AU SFB and offers a range of comprehensive business banking services, including loans, credit lines, business accounts, trade services, payments and collections services, investment advice, payroll and vendor management services. The branch is designed to be a one-stop shop for businesses, enabling efficient and speedy financial management.
Key offerings at AU SFB’s Business Banking branches include current accounts, payments and collections solutions, trade and forex solutions, business lending and working capital finance, digital banking, supply chain and vendor financing, and relationship management and advisory services. The bank’s relationship-led and tech-enabled banking approach is expected to support the growth of local enterprises in Chennai.
According to Mr. Uttam Tibrewal, Executive Director and Deputy CEO of AU Small Finance Bank, the launch of the Business Banking Branch at Parrys Corner reinforces the bank’s commitment to supporting India’s SME sector. The bank aims to be a trusted banking partner in the growth journey of every business it serves, offering inclusive, flexible, and business-centric banking solutions.
With over 2,505 banking touchpoints across India, AU SFB continues to expand its presence in Tamil Nadu, offering a range of banking services to SMEs and other businesses. The bank’s expansion in South India is expected to support the growth of local enterprises and contribute to the region’s economic development. Overall, the launch of the Business Banking Branch at Parrys Corner is a significant step towards supporting the SME sector in India and promoting economic growth and development.