Page 4 - Au Small Finance Bank

Private bank shares under pressure; AU SFB, Bandhan, RBL Bank tank up to 9%

As of 10:09 am, the S&P BSE Private Bank and Nifty Private Bank index were down 1 per cent each, as compared to 0.6 per cent decline on the benchmarks, S&P BSE Sensex and Nifty50 index.

AU Small Finance Bank to invest over Rs 500 cr for IT, digital makeover

Sanjay Agarwal, managing director and chief executive, said the lender was in a growth phase and is spending to achieve digital ambitions

AU Small Finance Bank, Tata Elxsi and Adani Power soar on MSCI foray

From the Asia Pacific region, MSCI has added 48 stocks and deleted 76, with the most changes in China

AU SFB shares jump 6% after MSCI includes stock in global indices

Four domestic stocks added, one excluded from MSCI Standard index

AU Small Finance Bank looking at 30% asset growth for five years

AU Small Finance Bank plans to raise fresh equity capital in the current financial year depending on market conditions.

AU Small Finance Bank Q4 net doubles to Rs 346 cr on better margins

Net Interest Margin improves to 6.3% from 5.7% a year ago; NPAs decline at gross and net levels

Indices fall for 5th day; Sensex cracks 703 pts, Nifty gives up 17,000

CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)

AU Small Finance Bank gains 4%, hits record high on bonus issue plan

The board of directors of the bank shall meet early next week to consider the proposal for issuance of bonus shares.

AU Small Finance Bank hits record high; surges 35% in one month

In the past three days, AU SFB has gained 10 per cent after it posted a strong set of financial numbers for the quarter ended December 2021.

AU Small Finance Bank net profit up 68% on strong expansion in NII

AU Small Finance Bank's net profit rose 68 per cent year-on-year (YoY) to Rs 302 crore in the third quarter of FY22

AU Small Finance Bank's net profit soars 68% to Rs 302 cr in Dec quarter

The Jaipur-based AU Small Finance Bank on Friday said strong loan sales and better asset quality have helped it post a strong set of financial numbers

AU Bank rallies 24% in 6 days on strong Q3 update; stock hits 10-week high

In the last six trading days, the market price of AU SFB has appreciated by 24 per cent.

AU Small Finance Bank rallies 8% on post Q3 business update

The private sector lender reported a sequential growth of 10.6 per cent and 26.5 per cent YoY in total assets under management to Rs 42,027 crore in December quarter

AU Small Finance Bank inducts ex-RBI deputy governor H R Khan on its board

The appointment is for a period of three years subject to the approval of shareholders

Two-thirds of the bank is run from Mumbai, says AU SFB's Sanjay Agarwal

AU SFB MD & CEO Sanjay Agarwal says some clean up is expected in the third and fourth quarters, which will help in reducing NPAs

AU Small Finance Bank Q2 net profit falls to Rs 279 crore

AU Small Finance Bank on Thursday reported 13 per cent decline in net profit at Rs 279 crore for September quarter 2021-22 due to rise in bad loans. The lender had posted a net profit of Rs 322 crore for the year-ago period. However, the bank said the net profit was up 42 per cent year-on-year after excluding the profit earned from stake sale in Aavas Financiers. There was a gain of Rs 144 crore due to stake sale in Aavas in second quarter of 2020-21 and overall gain was of Rs 172 crore in first half of that fiscal year. Total income rose to Rs 1,595.65 crore during the quarter under review as against Rs 1,473.45 crore in the same period of 2020-21, AU Small Finance Bank said in a regulatory filing. Net income rose 15 per cent to Rs 944 crore while net interest income grew 34 per cent to Rs 753 crore. The bank's other income also moved up by 64 per cent to Rs 191 crore. However, employee cost too went up by 46 per cent to Rs 327 crore during the quarter. Gross bad loans or ...

AU SFB, NABARD ink MoU for development initiatives in Rajasthan

AU Small Finance Bank (SFB) on Wednesday said it has inked an MoU with NABARD for rural development initiatives in Rajasthan

Stocks to watch: SBI Card, Adani Ports, Cadila Healthcare, HCL Tech, AU SFB

IT company AGC Networks on Monday said its board has approved the appointment of Essar Group's Anshuman Ruia as executive director of the company

Pink city blues for AU Small Finance Bank

Analysts are now questioning the lender's hiring policy following the high level of exits

Top-level exits: AU SFB says 'nothing to hide' on disclosure issues

Jaipur-based AU Small Finance Bank (AU Bank) on Wednesday tried to allay concerns of investors and depositors with regard to top-level resignations in recent months, saying that it is a "simple HR issue" that the company management is trying to resolve. Concerns were raised over transparency issues as there has been a lag on part of the bank to make disclosure about the top-level resignations. In an early morning investor call, MD & CEO Sanjay Agarwal said the bank has "nothing to hide" and there is nothing on the "governance issue", and rather it was a simple HR issue that the management of the company is trying to resolve. On Tuesday, the bank had said that its Chief Audit Officer Sumit Dhir has expressed his desire to move back to his hometown Delhi, due to changes in his personal circumstances following the COVID second wave. Shares of the company witnessed a sharp decline of 12.64 per cent on Tuesday even as the broader market ended with significant gains. Shares of AU Bank .