AU Financiers partners with Manipal for training managers for upcoming AU Small Finance Bank
AU Financiers partners with Manipal for training managers
for upcoming AU Small Finance Bank
Text Box: • Role based training program for upcoming AU Small Finance Bank (SFB)
• Training program designed to equip 2000 AU Financiers employees with necessary banking and behavioral skills for transition from NBFC to SFB.
• First batch of the training program was inaugurated by Mr Sanjay Agarwal, Managing Director, AU Financiers today at Manipal’s Jaipur Campus
Jaipur, 15th February: AU Financiers, a Jaipur-based Non-Banking Financial Company (NBFC), with a final license from RBI to setup up a Small Finance Bank (SFB), has partnered with Manipal Global Education Services (MaGE) to offer a transformational program for 2,000 employees of AU Financiers.
The role-based training program will cover Branch Managers, Assistant Branch Managers, Tellers-Cashiers, Branch Sales Managers and Asset Workforce. The first batch of the banking training programme was inaugurated by Mr. Sanjay Agarwal, Managing Director, AU Financiers, at Manipal’s Jaipur campus today.
Dignitaries present at the inauguration ceremony from AU Financiers were Mr Sanjay Agarwal, Managing Director; Mr Uttam Tibrewal, Executive Director; Mr Sanjay Rajawat, Group Head, Liabilities; Mr Sumit Madan, Head, Branch Banking and Mr Dilip Vidyarthy, CDO & Head, Training & OD. Dignitaries representing MaGE were Mr Vaitheeswaran S, MD & CEO; Mr Bimaljeet Singh Bhasin, Head, Enterprise Sales; Dr Thammaiah Chekkera, Director, Manipal Academy of Banking & Insurance and Dr Sandeep Sancheti, Vice-Chancellor, Manipal University, Jaipur.
Speaking on this occasion, Mr. Sanjay Agarwal, Managing Director, AU Financier said, “AU Financiers is taking a big leap towards changing the way banking is offered to customers in India. For providing such level of services, we need our customer interface to have the best of training. Going by the reputation Manipal has in this field, it was the natural choice for our training partners. I look forward to a seamless service platform of AU SFB maintained by our proficient managers.”
Mr. S. Vaitheeswaran, MD and CEO, Manipal Global said, “In the past few years, Manipal has helped several banking and non-banking financial institutions in the area of capacity building. We train officers in advanced banking programmes and equip them with the requisite skills and competencies to improve efficiency. In a sector that is witnessing rapid changes and development, the need of the hour is to improve productivity. Our training programmes harness the potential of officers and keep them abreast of the changing needs and requirements of the industry.”
Manipal Global has launched several joint initiatives similar to the aforementioned initiative with leading banks and financial institutions, offering learning solutions to over 32 banks and financial institutions. With a focus on developing necessary competencies and building domain knowledge, Manipal Global’s solutions fulfill the human resource requirements of the banking and financial sectors to enhance productivity of banks by transforming their human capital.
The collaboration will ensure that the employees of AU Financiers, an upcoming SFB, will be productive from day one of its operations so that customers get the best services.
About AU Financiers (India) Limited
Au Financiers (India) limited is a prominent, retail focused non-banking finance company (“NBFC”) primarily serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels. We operate in three business lines: vehicle finance; micro, small and medium enterprises (“MSMEs”) loans; and small and medium enterprises (“SMEs”) loans. Our Company is categorized as a “Systemically Important, Non-Deposit Accepting Asset Finance Company” (NBFC-ND-AFC) by the Reserve Bank of India. We received a license from the RBI to set up a ‘small finance bank’ (“SFB”) on December 20, 2016 and we are the only NBFC categorized as an asset finance company to obtain such license. As of December 31, 2016, we conducted our operations through 300 branches spread across 10 states and one union territory in India, with significant presence in the states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh and employed 6,092 personnel serving 270,692 active loan accounts.
About Manipal Global Education Services: (www.manipalglobal.com)
Manipal Global Education Services (MaGE) is a leading international provider of high-quality higher education services. As a leader in the higher education industry, MaGE believes that industry relevance is imperative for career-focused education in India. This has led to innovative partnerships with leading Indian banks & Small Finance Banks such as Ujjivan SFB, Janalakshmi, Equitas SFB, Au FINANCIERS SFB, ICICI Bank, Bank of Baroda, Punjab National Bank, Andhra Bank, Axis Bank, Kotak Mahindra Bank, RBL Bank and others to establish academies of banking & finance. MaGE has also partnered with City & Guilds, London, UK to launch Manipal City & Guilds.
Headquartered in Bangalore, MaGE provides a wide range of higher education services to institutions in India. These include corporate training programs in partnership with leading enterprises, vocational training across a number of sectors, as well as technology-driven services in areas such as testing and education delivery. It is also the dedicated service provider/operator of university campuses in Malaysia, Antigua in the Caribbean, Dubai and Nepal. It services and supports over 400,000 students, many of them through its award-winning large scale technology platform, EduNxt™.
Over the years, the success of ICICI Manipal academy led to many such joint initiatives between leading banks & financial institutions and Manipal Global, resulting in setting-up of Manipal Academy of Banking with world-class residential campuses at Jaipur and Bangalore.
Today, Manipal Academy of Banking partner with 32 leading Banks and Financial Institutions and have trained over 27,000 professionals for leading banks, insurance and financial services organizations. Manipal Academy of Banking has established exceptional benchmarks in enhancing the productivity by transforming the human capital of the banks and financial institutions.
Disclaimer:
Au Financiers (India) Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the DRHP with the SEBI. The DRHP is available on the websites of SEBI, BSE, NSE at www.sebi.gov.in, www.bseindia.com, www.nseindia.com, respectively, the BRLMs at www.icicisecurities.com, www.hdfcbank.com, www.motilaloswalgroup.com and http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the section titled “Risk Factors” on page 19 of the DRHP. Potential investors should not rely on the DRHP filed with the SEBI for making any investment decision.
This public announcement is for informational purposes only and is not an offer to buy any securities and does not constitute an offer to sell securities in any jurisdiction or in any circumstances in which such offer is unlawful. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws in the United States.
Accordingly, the Equity Shares are only being offered and sold (i) in the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, the registration requirements of the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and the applicable laws of the jurisdiction where those offers and sales occur.
