As an NBFC, the company had network of 300 branches spread across Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Punjab, Delhi, Haryana, Himachal Pradesh, Chhattisgarh and Goa.
"We intend to start Bank branches in all such locations in next couple of months," Au SFB said in a statement today.
Sanjay Agarwal, Managing Director, Au Small Finance Bank, said: "Financial inclusion is one of the important aims of the current government and small finance banks with their reach in deeper geographies and middle and lower end of pyramid can help achieve this objective very well."
Though India has regional rural banks, cooperative banks and other small entities, besides a giant network of public and private sector banks there is still a huge void in the banking sector, Au said.
"This gap can be bridged by small finance banks," it added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)