Mumbai, September 23 (Udaipur Kiran News): Shares of AU Small Finance Bank (AU SFB) edged higher on Tuesday after the lender announced a strategic partnership with Zaggle Prepaid Ocean Services to launch co-branded retail credit and prepaid card programmes.
The stock was trading at Rs. 719.40 on the BSE, up 1.88% or 13.25 points from its previous close of Rs. 706.15. It opened at Rs. 706.20 and touched an intraday high of Rs. 724.15 and a low of Rs. 706.20. A total of 16,805 shares were traded on the counter.
AU SFB’s market capitalisation currently stands at Rs. 52,690.37 crore. The stock has a 52-week high of Rs. 840.95 (2 July 2025) and a 52-week low of Rs. 479.00 (18 March 2025). Over the past week, it has traded between Rs. 724.15 and Rs. 698.70.
Promoters hold 22.85% in the bank, while institutional investors own 66.55% and non-institutional investors 10.59%.
Under the partnership, AU SFB and Zaggle will roll out a co-branded retail credit card offering customers smart spending tips, rewards, and seamless digital experiences. Both firms will also expand into a commercial credit card portfolio, combining AU SFB’s underwriting expertise with Zaggle’s enterprise network and SaaS platform “Zatix” for corporate spending insights.
Additionally, a co-branded prepaid card programme will support corporate customers with tax-saving benefits and multiple wallets across categories such as fuel, meals and gifts, along with expense tracking and reimbursement features via the Zaggle mobile app.
AU Small Finance Bank, which transitioned from a retail-focused NBFC, primarily serves low and middle-income individuals and businesses with limited access to formal banking services.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
