Au Small Finance Bank Ipo

AU Small Finance Bank Q3FY25 results: Profit surges 41% to 528 crore

AU Small Finance Bank Ltd on Friday reported a 41 per cent jump in net profit to Rs 528 crore for the third quarter ended December 2024 as interest income improved. The Jaipur-based bank had earned a profit of Rs 375 crore in the same quarter of FY24. The total income of the bank increased to Rs 4,732 crore during the quarter under review against Rs 3,186 crore in the same period last year, AU Small Finance Bank said in a regulatory filing. The bank's interest income rose to Rs 4,113 crore compared to Rs 2,736 crore in the third quarter of the previous fiscal. On the asset quality front, the gross Non-Performing Assets (NPAs) increased to 2.31 per cent of the gross loans at the end of December 2024 from 1.98 per cent a year ago. Similarly, net NPAs or bad loans also rose to 0.91 per cent from 0.68 per cent at the end of the third quarter of the previous fiscal. As a result, the provisions and contingencies jumped to Rs 502 crore from Rs 151 crore in the same quarter a year ago.

WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 cr

Private equity firm WestBridge Capital divested on Wednesday a 1.7 per cent stake in the AU Small Finance Bank for Rs 845 crore through an open market transaction. WestBridge Capital, through its affiliate Westbridge AIF I, sold shares of the Jaipur-based AU Small Finance Bank through a bulk deal on the National Stock Exchange (NSE). As per data available, Westbridge AIF I offloaded 1.30 crore shares, amounting to a 1.75 per cent stake in AU Small Finance Bank. The shares were disposed of at an average price of Rs 650.08 apiece, taking the transaction value to Rs 845.10 crore. After the stake sale, the shareholding of WestBridge Capital in the AU Small Finance Bank has declined to 2.07 per cent from 3.82 per cent. Meanwhile, Goldman Sachs Investments Mauritius I picked up 43.34 lakh shares of the AU Small Finance Bank at an average price of Rs 650 per piece. This took the deal value to Rs 281.71 crore. Details of other buyers of the AU Small Finance Bank shares could not be ...

AU Small Finance Bank stock rallies over 6% on universal banking hopes

The central bank has laid down qualitative criteria of a satisfactory five-year track record, which will be evaluated post-application made by SFBs

AU Small Finance Bank jumps 51% on stock market debut

AU Small Finance Bank is the third SFB to be listed

AU Small Finance Bank IPO to open on June 28

At the top end of the price band, the IPO will mop up around Rs 1,920 crore