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AU Financiers to securitise loans worth Rs 2,000 crore

AUL's key institutional investors include International Finance Corporation, Warburg Pincus and Chryscapital

Abhijit Lele  |  Mumbai 

AU Financier Ltd (AUL) , which will turn into a small finance bank (SFB) next year, plans to securitise loans worth Rs 2,000 crore by the end of the month. It has sold retail auto loans (about Rs 100 crore) to Standard Chartered Bank. This will help AUL, the Jaipur-based non-banking finance company (NBFC), to generate liquidity for business operations. Sanjay Agarwal, managing director, AUL said that it has securitised or sold loans worth Rs 1,500 crore already. It includes transaction with Standard Chartered Bank.  The NBFC has got Baa3 rating from Moody's ...

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AU Financiers to securitise loans worth Rs 2,000 crore

AUL's key institutional investors include International Finance Corporation, Warburg Pincus and Chryscapital

AUL's key institutional investors include International Finance Corporation, Warburg Pincus and Chryscapital AU Financier Ltd (AUL) , which will turn into a small finance bank (SFB) next year, plans to securitise loans worth Rs 2,000 crore by the end of the month. It has sold retail auto loans (about Rs 100 crore) to Standard Chartered Bank. This will help AUL, the Jaipur-based non-banking finance company (NBFC), to generate liquidity for business operations. Sanjay Agarwal, managing director, AUL said that it has securitised or sold loans worth Rs 1,500 crore already. It includes transaction with Standard Chartered Bank.  The NBFC has got Baa3 rating from Moody's ... image
Business Standard
177 22

AU Financiers to securitise loans worth Rs 2,000 crore

AUL's key institutional investors include International Finance Corporation, Warburg Pincus and Chryscapital

AU Financier Ltd (AUL) , which will turn into a small finance bank (SFB) next year, plans to securitise loans worth Rs 2,000 crore by the end of the month. It has sold retail auto loans (about Rs 100 crore) to Standard Chartered Bank. This will help AUL, the Jaipur-based non-banking finance company (NBFC), to generate liquidity for business operations. Sanjay Agarwal, managing director, AUL said that it has securitised or sold loans worth Rs 1,500 crore already. It includes transaction with Standard Chartered Bank.  The NBFC has got Baa3 rating from Moody's ...

image
Business Standard
177 22