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AU Small Finance hits new low, slips 14% in 4 days post March qtr results

Analysts believe the bank will be unable to maintain high AUM growth and will likely see a sharp rise in credit cost & deterioration in incremental deposit mix, amid the current lockdown

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Photo: Shutterstock

SI Reporter Mumbai
Shares of AU Small Finance Bank (SFB) slipped for the fourth straight day, down 5 per cent to Rs 433 on the BSE on Thursday as the lender reported lower-than-expected net profit owing to the higher provisions created toward special mention accounts (SMA).

The private sector lender's stock has skid 14 per cent in the past four trading days. It has fallen below its previous low of Rs 444, touched on April 7, 2020 and trading at its lowest level since its listing on July 10, 2017. The stock has tanked 64 per cent from its all-time high level

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