AU Small Finance Bank introduced two new current accounts: 'AU Royale Salary' and 'AU Royale Business.' "The number of salaried class clients has been expanding as we develop our footprint in metros and tier-I cities," said Uttam Tibrewal, executive director of the bank. We are developing our class-leading products for diverse categories of affluent clients with 'AU Royale Salary' and 'AU Royale Business."
Gravita India reported a 166 percent increase in net profit year on year (y-o-y) to Rs 139 crore from Rs 52 crore in 2020-21. Similarly, its sales increased by 57 percent year on year to Rs 2,216 crore. According to the corporation, increased production volumes and greater realizations aided revenue growth. Overall output volumes grew by 30% year on year.
According to the bank, the AU Royale Salary Savings account provides family banking for up to five family members and a cashback of up to 1% on signature debit card spending. The bank also mentioned that there will be perks such as free movie tickets on BookMyShow, a reduced currency mark-up on foreign transactions, a 75 percent discount on lockers, and a personal relationship manager for financial support.
The AU Royale Company Current Account includes family banking, which allows you to combine business and personal accounts. The account is advertised to provide the Rich Royale Business Signature Debit Card. According to the press release, other incentives include merchant solutions (QR, PoS, Payment gateway); preferential pricing on banking goods; account number selection; and domestic airport lounge access.