AU SFB’s Wheels business just hit ₹50,000 crore in assets under management, a milestone that dwarfs many state‑broad auto lenders. With 13.7 lakh customers on its books, the segment now accounts for roughly a third of the bank’s ₹1,44,250 crore loan book.
Inside the ₹50,000 crore, ₹30,752 crore is earmarked for new vehicle purchases, while ₹17,966 crore fuels the growing pre‑owned market, and ₹1,767 crore covers two‑wheelers. That split shows a balanced appetite for both fresh models and used cars, a trend that mirrors nationwide shifts towards resale.
Growth has been blistering: a 3‑year CAGR of 26% and a 5‑year CAGR of 29% outpace the average lending growth of 18% seen across Indian banks. The bank has broadened its reach to transport operators, farmers, contractors, taxi owners, and first‑time buyers, widening the credit net.
Supporting this reach are more than 3,000 service touchpoints spread across nearly 2,000 locations, giving borrowers a physical fallback even as digital channels expand. The bank’s recent RBI in‑principle approval to become a Universal Bank signals a willingness to plug any financing gap in the ecosystem.
Technology is now in the mix. AU SFB is weaving analytics, automation, and AI‑led decision frameworks into its loan origination engine, aiming to slash approval times and tighten risk models. For the end‑user, that could mean faster turnaround and more tailored rate offers.
What does this mean for a buyer? With the Wheels business growing faster than the overall loan market, you can expect slimmer rates, broader product choices, and a smoother approval experience whether you’re eyeing a brand‑new SUV or a used sedan. Keep an eye on the bank’s next rollout; its wider network could make vehicle financing more accessible in tier‑2 and tier‑3 cities.