AU Small Finance Bank signs MoU with Sahaj

Banking services provider AU Small Finance Bank today signed a memorandum of understanding with Sahaj e-Village for extending its banking services in remote areas through business correspondent (BC) model, a company official said.

With this MoU, the bank will be able to further foster its mission of financial inclusion and greater customer outreach, Sanjay Agarwal, the MD & CEO of AU Small Finance Bank, said in a statement.

He said that with the tie-up with Sahaj, the bank will be able to expand its banking at over 90 new locations that did not have banking access hitherto and expand customer outreach to over 500 locations by March 2018.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel