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The purse and the sword

How AU Small Finance Bank is luring India's affluent with premium banking


Published on 2024-12-16 22:20:48 - Business Standard
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  • AU Eternity offers a unique blend of luxurious banking services and personalized privileges, powered by a strategic partnership with Mastercard.

AU Small Finance Bank is targeting India's affluent population with a new premium banking service named 'AU Premium' to cater to high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs). This service offers personalized banking experiences, including a dedicated relationship manager, exclusive banking products, and lifestyle benefits like luxury hotel stays, airport lounge access, and golf privileges. The initiative aims to tap into the growing wealth in India, where the number of HNIs and UHNIs is expected to rise significantly. The bank has already seen a positive response with over 1,000 customers signing up for the service, which was launched in October 2023. This move is part of a broader strategy to diversify its customer base and enhance its market position by providing tailored financial solutions to the wealthy segment.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/finance/personal-finance/au-small-finance-bank-lures-india-s-affluent-with-premium-banking-124121600848_1.html ]