ECONOMY

AU Small Finance Bank – Attrition At Top Level Key Challenge; Business Momentum Sustained: ICICI Securities

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AU Small Finance Bank Ltd. hosted an update call to address the key concern around higher attrition at the top-management level, triggered by resignation of Chief Risk Officer and head of internal audit.

Key takeaway was the board taking the ownership, ensuring no lapses in internal control and processes, and highlighting the strength of internal controls and strong risk management practices.

While it believes attrition is the key challenge of late, it is more due to location issue (few key positions are based out of Jaipur) rather than culture issue.

AU SFB remains committed in addressing this concern and is open to retain talent by offering employees the option of working remotely, helping them in settling down in Jaipur etc.

Click on the attachment to read the full report:

ICICI Securities AU SFB Company Update.pdf

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