Page 6 - Au Small Finance Bank

AU Small Finance Bank sells Aavas Financiers' shares worth Rs 530 crore

The value of these shares, at Rs 1,515.2 apiece is Rs 530.3 crore, as per data from the exchange

AU Small Finance Bank sells 3.5 mn Aavas Financiers shares worth Rs 530 cr

According to bulk deal data available on the BSE, AU Small Finance Bank offloaded a total of 35,00,000 shares at an average price of Rs 1,515.16 per share. This values the deal at Rs 530.30 crore

AU Small Finance Bank net profit rises 14% to Rs 196 crore in Sept quarter

AU Small Finance Bank on Thursday said its net profit in September quarter of the current fiscal year rose by 14 per cent to Rs 196 crore. The company had reported a net profit of Rs 172 crore for the corresponding quarter of 2019-20. AU Small Finance Bank said the net profit in the quarter is excluding the profit on sale of equity stake in Aavas Financier. The income from the sale of equity in Aavas was Rs 144 crore. Total income during July-September 2020-21 jumped 40 per cent to Rs 846 crore as against Rs 602 crore in the same quarter of 2019-20, it said in a release. "The on-ground situation has considerably improved in Q2FY21 and we saw positive momentum across all key metrices which include our Digital Banking journey, activity levels, collection efficiencies, retail deposits, and disbursements. "Various pro-active initiatives taken by the government and RBI have helped mitigate the pandemic impact on borrowers. Further, AU Bank remains actively engaged to help affected ...

Customer spending getting back to pre-Covid levels: AU Small Finance Bank

AU Small Finance Bank on Monday said customer spending is getting back to pre-COVID levels and its festive season offer has witnessed 23 per cent rise in per day debit card spends.

Equitas SFB IPO subscribed two times even as HNIs give offer a miss

Institutional investor portion was subscribed 3.8 times, while the retail investor portion was subscribed 2 times

Bonds rally as traders estimate govt's stimulus likely to see limited spend

The yield on the most-traded 6.45 per cent 2029 note dropped 10 basis points to 6 per cent, extending Wednesday's 7-basis point fall.

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

AUSFB: With multiple headwinds ahead, valuations appear expensive

Provisioning cost increased by over 3x to Rs 151 crore in Q4 as customers opt for moratorium

AU Small Finance hits 5% lower circuit for 2nd straight day post Q4 results

The bank reported subdued earnings dented by higher provisions toward special mention accounts (SMA) accounts

AU Small Fin Bank hits 10% lower circuit for third day; tanks 59% in 1 mth

The financial sector would be the most impacted across parameters - slowing demand, rising yields and increasing delinquencies, due to a series of lockdowns and shutdowns, analysts said.

Low on investor confidence and growth, private banks in for tough days

Majority of private bank stocks are down 10-33% YTD, indicating weaning conviction in the sector

Banks, financials tumble; RBL, AU Small Finance, IndusInd Bank dip over 14%

Nifty PSU Bank index tanked over 10-year low after falling 8 per cent in intra-day

AU Small Finance Bank stock top choice in FY20, overtakes PNB, BoB in m-cap

At 8x FY21 estimated book, even as it is the most expensive lender, the stock remains among the preferred picks in the banking pack

AU Small Finance Bank soars 9%, hits new high on strong Q3 results

The private sector lender's stock is trading at its highest level since its listing on July 10, 2017

AU SFB: Good for now, but challenges mount for the costliest banking stock

Loan and deposit accretion may slow down the current operating environment

AU Small Fin Bank raises Rs 525 cr from Temasek arm Camas Investments Pte

Temasek has invested the money through the conversion of its 1.01 crore warrants.

Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

Nifty has again started to form higher tops and bottoms and has finally provided a breakout from the crucial swing resistance of 12,040 levels

AU Small Finance Bank hits new high, gains 14% in two days

The stock surged 10% intra-day to Rs 787 and surpassed its previous high of Rs 747 touched on April 27, 2019, on back of heavy volumes on the BSE.

Loan repayment case: Altico Capital, AU Small Finance Bank reach settlement

Altico, a lender focused on real estate finance, had availed of a term loan of Rs 62 crore from the bank which AU SFB recalled earlier

Capital infusion, change in borrowing mix key triggers for AU Small Finance

Margins likely to come under pressure as bank will pass on benefits to borrowers, say analysts