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BS Banking Annual 2019: Banking is a very long-term biz, says USFB chief

Becoming a bank has given us more strength, says Jana SFB MD & CEO Ajay Kanwal

From left: Utkarsh Small Finance Bank (SFB) MD & CEO Govind Singh, Jana SFB MD & CEO Ajay Kanwal, AU SFB MD & CEO Sanjay Agarwal
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From left: Utkarsh Small Finance Bank (SFB) MD & CEO Govind Singh, Jana SFB MD & CEO Ajay Kanwal, AU SFB MD & CEO Sanjay Agarwal, Jio Payments Bank MD & CEO H Srikrishnan, and Suryoday SFB MD & CEO R Baskar Babu, at the Business Standard Small Finance Banks and Payments Banks Round Table in Mumbai

Business Standard
How is AU Small Finance Bank different from the others?

Sanjay Agarwal: Our journey from being a non-bank finance company (NBFC) to a bank has strengthened us. Our assets have grown by 40 per cent. Even as the last two years was not the best period, we have grown our deposit base also, because we were in the market for the last 24 years. We haven’t made a lot of mistakes in our journey as a NBFC. Structure-wise, we are very simple. The shares are held by me and my family, unlike the corporate umbrella seen in Mumbai. Our assets are