Hyderabad, Jan 19: AU Small Finance Bank (AU SFB), India’s largest small finance bank and the first in a decade to receive in-principle approval for transitioning into a Universal Bank, today, signed a Memorandum of Understanding (MoU) with the Institute of Company Secretaries of India (ICSI) to offer an exclusive suite of banking and credit card solutions tailored for Company Secretaries (CS) across the country. The core purpose of this MoU will be two-fold, i.e. to provide comprehensive banking services to the members of the ICSI and to also provide employment opportunities for Company Secretaries within the Bank.
Welcoming the partnership, ICSI noted that easier access to purpose‑built financial solutions can help Company Secretaries manage firm cashflows, client reimbursements, professional outlays, and personal wealth with greater agility, while also enhancing everyday convenience.
The MoU was signed by Mr. Dhananjay Shukla, President, ICSI, and Mr. Rajat Mathur, Circle Manager – Branch Banking, AU Small Finance Bank. Under the partnership, ICSI members spanning both practising and employed professionals will gain access to curated current and savings account offerings and a profession-relevant credit card, with benefits designed around the everyday needs of governance, practice management, and personal finance.
Under this partnership AU small finance bank has committed the following initiatives
- Hiring Preference: AU SFB shall accord preference to hire qualified Company Secretary professionals who have valid Associate/Fellow membership of the ICSI for relevant profiles within the bank, subject to suitability and merit
- Training Opportunities: The bank envisages creating training and job opportunities for CS students and qualified professionals
- Unique Banking Products: AU Bank will offer unique, specialized, and privileged banking services to ICSI members and CS Practicing Firms
For eligible individuals, the bank also offers Lifetime Free Zenith Credit Card with strong travel privileges and complimentary domestic and international lounge accesses.
Uttam Tibrewal, ED & Deputy CEO, AU Small Finance Bank, said, “Our goal with this MoU is simple: to make the financial lives of Company Secretaries easier and more efficient. From waived minimum balances and specialized credit cards to doorstep banking and lounge access, these curated benefits address the everyday requirements of busy professionals. It is about providing convenience that recognizes their demanding schedules and expert contributions to the business world. By offering tailored banking solutions and career opportunities, we are simply empowering Company Secretaries to focus on their vital roles as governance professionals while having their financial needs met by a trusted banking partner.”
Dhananjay Shukla, President, ICSI “By partnering with AU Small Finance Bank, ICSI is ensuring that its members have access to exclusive benefits and personalized banking products. This MoU reflects our ongoing mission to add tangible value to the professional lives of our members.”
The MoU with ICSI extends that profession‑first approach to the Company Secretary ecosystem, reinforcing AU SFB’s focus on India’s trusted knowledge professions.