Au Small Finance Bank

AU Small Finance Bank net jumps 30% to Rs 393 cr on healthy core income

Of the total provision, Rs 127 crore are for the restructured book and Rs 98 crore are for contingency provisions and Rs 41 crore are floating provision

Banks rush to hike deposit rates, raise funds amid firm loan growth

Major private lenders such as HDFC Bank, ICICI, Axis revise rates; deposit rates now catching up with RBI rate hikes

Breaking stereotypes with ads may not be so easy despite big brand backing

Experts believe advertisers trying to reverse gender roles in their brand communication walk a thin line in today's 24x7 digital age

Boycott calls force advertisers, celebrities to increase safeguards

From rigourous edits at the drawing board to stronger indemnity clauses in contracts and tracking trending topics on social media, agencies are doing all they can to tackle the issue head-on

AU Small Finance Bank's net profit rises 23% to Rs 343 crore in Q2

AU Small Finance Bank (SFB) on Wednesday reported a 23 per cent rise in its net profit at Rs 343 crore in the July-September quarter on healthy growth in loan disbursals aided by consistent fall in bad loans. The Jaipur-based lender had posted a net profit of Rs 279 crore in the same period in the year ago fiscal year. Bank's net interest income (interest earned minus expended) grew by 44 per cent to Rs 1,083 crore during July-September period of 2022-23, as against Rs 753 crore in same period of 2021-22, AU SFB said in a regulatory filing. Total income of the bank was up by 40.3 per cent at Rs 2,240 crore as against Rs 1,597 crore. Gross advances of the lender rose to Rs 52,452 crore as of Q2FY23 as against Rs 36,405 crore during the same period a year ago, with auto, MSME and home loans accounting for 75 per cent of the component. Disbursements during the quarter stood at Rs 8,605 crore as against Rs 5,061 crore. "The operating environment in Q2FY23 saw uncertainty over inflati

'Brand Aamir' in the soup over ad controversy. Can he bounce back?

Actor facing flak for ad for AU Small Finance Bank; not new to controversy, which could affect brand value, say experts

Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers

AU Small Finance Bank re-appoints R V Verma as non-executive chairman

AU Small Finance Bank on Monday re-appointed former head of National Housing Bank (NHB) R V Verma as its non-executive chairman. The decision was taken at its board meeting held on Monday, AU Small Finance Bank said in a regulatory filing. The board approved the re-appointment of Raj Vikash Verma as part-time chairman of the bank with effect from April 8, 2023 till January 29, 2024 (that is, till completion of his tenure as independent director), it said. The appointment is subject to the approval of the Reserve Bank of India (RBI), it added. Verma, who also served as a whole-time member of Pension Fund Regulatory and Development Authority (PFRDA), took charge as part-time chairman of the bank on April 8, 2020.

Stocks to Watch: Bharti Airtel, Nykaa, Paytm, BPCL, SBI, Titan, Adani Ports

Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.

AU SFB launches QIP to raise Rs 2.5k cr; sets floor price at Rs 590.8/share

AU Small Finance Bank on Wednesday opened its qualified institutional placement (QIP) to raise up to Rs 2,500 crore, setting the floor price for the issue at Rs 590.84 per share. The decision was taken at a meeting of the bank's capital raising committee. On April 29, 2021, AU Small Finance Bank had announced its plan to raise up to Rs 2,500 crore by issuing equity shares through a QIP. The floor price set for the QIP is lower than the stock's closing price of Rs 609.35 on BSE on Wednesday. "Further, we would like to inform you that a meeting of the capital raising committee of the bank is scheduled to be held on August 8, 2022 to consider and determine the issue price of equity shares to be issued...including a discount on the floor price, if any," AU SFB said in a regulatory filing. Separately, the company said its promoter and MD and CEO Sanjay Agarwal intends to sell up to 75 lakh equity shares of the bank, subject to requisite approvals. "I along with members of promoter gro

AU Small Finance Bank Q1 net up 32% YoY to Rs 268 cr, down 23% sequentially

Improvement in NII, even as trading losses weigh on profitability

RIL, banks lift Sensex 246 pts, Nifty tops 16,300; Rupee ends at 79.95/$

CLOSING BELL: The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India

AU Small Finance Bank's loans grow 42 % YoY in Q1 on positive sentiment

AU SFB said that the retail-to-wholesale loan ratio stood at about 90:10 as of June 2022, versus around 88:12 as of March 31, 2022

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)