Page 5 - Au Small Finance Bank
Top headlines: Aug GST collection Rs 1.12 trn; AU SFB clears air on exits
Business Standard brings you the top stories this evening
 "Top headlines: Aug GST collection Rs 1.12 trn; AU SFB clears air on exits")
AU Small Finance Bank jumps 7% as firm clarifies on recent managerial exits
The management clarified on the recent exits in the bank, including on the resignation of internal audit head, Sumit Dhir, saying he resigned following personal reasons
 "AU Small Finance Bank jumps 7% as firm clarifies on recent managerial exits")
Shares of AU SFB come under pressure amid top-level resignations
Shares of Jaipur-based private lender tumbled on Tuesday in a rising market, following early morning reports of another top-level exit from the bank, that of Sumit Dhir, its head of Internal Audit
 "Shares of AU SFB come under pressure amid top-level resignations")
Small finance banks suffer net loss in June quarter as provisions surge
SFBs - AU, Ujjivan, Equitas, and Suryoday - reported a combined net loss of Rs 66 crore in the June quarter of financial year 2021-22
AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO
Lender has rolled out platform to provide customers with a full-suite of digital banking services, including face-to-face interaction with a banker over video call
AU Small Finance Bank profit flat at Rs 203 cr; net interest income up 40%
While provisions remained flat YoY at Rs 451 crore, sequentially, it went up by 21 per cent
AU Small Finance rallies 11% as GNPAs remain stable in Q1 despite lockdown
The bank's absolute GNPA in April-June quarter (Q1FY22) was broadly stable QoQ as net additions (slippages, net of recoveries and upgrades) to GNPA declined by Rs 8 crore
RBI relief measures may cushion NPA blow from second Covid wave: Analysts
Analysts see the RBI's announcements to be sentimentally positive for the banking sector even as Covid-19 situation remains dynamic
 "RBI relief measures may cushion NPA blow from second Covid wave: Analysts")
SBI, Equitas SFB: How to trade bank stocks post latest RBI announcements
The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers
 "SBI, Equitas SFB: How to trade bank stocks post latest RBI announcements")
Equitas, Ujjivan, AU Small Finance Bank gain as RBI announces loan relief
The RBI announced a special long-term repo operation window for SFBs, whereby the banks can borrow funds up to Rs 10,000 crore at repo rate for deploying for fresh loans SFBs
 "Equitas, Ujjivan, AU Small Finance Bank gain as RBI announces loan relief")
AU Small Finance Bank slips 8% on asset quality concerns
The announcement of a lockdown in a few states can have some impact on the lender's collection efficiency and the demand outlook, and thus would be a key monitorable
Asset quality, second Covid-19 wave concerns weigh on AU SFB stock
Gross NPA ratio spiked to 4.25 per cent in March quarter from 1.68 per cent a year ago
 "Asset quality, second Covid-19 wave concerns weigh on AU SFB stock")
Asset quality, second Covid wave concerns weigh on AU Small Fin Bank stock
The gross non-performing assets (NPAs) spiked to 4.25 per cent of gross advances as of March 31, 2021, from 1.68 per cent in the same period last year
AU SFB has to pass asset quality test after raising funds: Analysts
The stock has corrected by about 12 per cent after touching a high of Rs 1,315 a share on March 9
 "AU SFB has to pass asset quality test after raising funds: Analysts")
Stocks to watch: Tata Comm, Adani Ports, AU Small Fin, Nippon Life India
The board of IndiGrid Investment Managers will meet on Tuesday to decide on a proposal related to raising Rs 1,500 crore through a rights issue
 "Stocks to watch: Tata Comm, Adani Ports, AU Small Fin, Nippon Life India")
Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump
Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).
 "Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump")
Stocks to watch: Voda Idea, Godrej Properties, PFC, AU Small Fin Bank, BPCL
AU Small Fin Bank launched its QIP on March 9 and fixed the floor price at Rs 1,181.06 per share
 "Stocks to watch: Voda Idea, Godrej Properties, PFC, AU Small Fin Bank, BPCL")
AU Bank posts over two-and-a-half times jump in Q3 net profit to Rs 479 cr
AU Small Finance Bank on Thursday reported a rise of over two-and-a-half times in its net profit to Rs 479 crore for the third quarter ended December 2020.
 "AU Bank posts over two-and-a-half times jump in Q3 net profit to Rs 479 cr")
AU Small Finance, ICICI Pru Life tie up to offer life insurance solutions
Through this tie up with ICICI Prudential Life Insurance, AU Bank aims to deliver paperless, secure, and hassle-free life insurance solutions
 "AU Small Finance, ICICI Pru Life tie up to offer life insurance solutions")
AAVAS Financiers gains 6% in two days after stake sale by AU Small Fin Bank
Despite the gains over the past 2 sessions, the stock of AAVAS Financiers has underperformed the market by gaining 7 per cent in the past 3 months relative to a 14.4-per cent rally in the S&P Sensex
 "AAVAS Financiers gains 6% in two days after stake sale by AU Small Fin Bank")
