AU Small Finance Bank Acquires Commercial Tower in Bandra

AU Small Finance Bank has made a significant acquisition by purchasing an 11-storey commercial tower in Mumbai’s Bandra for 371 crore. The bank, headquartered in Jaipur, acquired the property from Earth Worth Constructions to set up its corporate office in the city. The building, spread over 74,577 sq ft, also includes two basements and 98 car parking slots.

This acquisition marks a financial institution's largest outright office deal this year. The commercial tower was previously leased to UPL Ltd (formerly United Prosperous), which vacated the premises after a 10-year lease term.

AU Small Finance Bank paid 22.26 crore in stamp duty. The acquisition stands out in an environment where most financial institutions typically opt for long-term leases rather than outright purchases.

This move is part of AU Small Finance Bank’s strategy to expand its footprint, as evidenced by its recent 32% growth in net profit for the year ended March 2025. With a network spanning over 2,400 banking touchpoints and a workforce of over 50,000, the bank continues to expand its presence across India.