AU Small Finance Bank, which recently received approval from the Reserve Bank of India to transition into a Universal Bank, is launching 51 new branches across the country.

The branches will be inaugurated on 15 August, coinciding with the country's 79th Independence Day, the bank said in a statement.

The expansion includes 30 liability branches and 21 Microfinance & Inclusive Banking (MFIB) branches, strategically located in high-potential regions such as West Bengal, Gujarat, Telangana, Madhya Pradesh, Odisha, Rajasthan and Tamil Nadu, it said.

These new branches will offer a full suite of financial services, including deposits, payments, collection solutions, trade finance, insurance, investment products, and advanced digital banking, it said.

Additionally, the MFIB branches will provide specialised support for micro-enterprises and underserved segments, it added.