Indian financial services company AU Small Finance Bank said it has received shareholders approval to raise Rs1,000 crore (around $147 million) from Singapore-based investment firm Temasek.
AU Bank’s shareholders include IFC, Warburg Pincus, Chrys Capital and Kedaara Capital.
The company said it clocked a strong disbursement growth of more than 60%, assets under management growth of about 50% and mobilized Rs8,000 crore of deposits, in 2017-18.
As of 31 March 2018, AU Bank had expanded its branch network to over 500 touch points including 306 bank branches, 97 asset centers, 89 BC outlets, 23 offices and 292 ATMs.