Au Small Finance Bank Stock

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

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

Stocks to Watch: LIC, Bata, AUSFB, Bharat Dynamics, REL, SBI Cards, HDFC Bk

Stocks to Watch Today: AU Small Finance Bank will be in focus as the company has set June 10 as the record date for the proposed 1:1 bonus issue.

Nifty Bank hits 6-month low; RBL, Bandhan, AU Small tank up to 10%

Nifty Bank was trading lower for the sixth straight day, having fallen 8 per cent during the period

Nifty Bank hits 200-DMA. How to trade bank stocks in the next few sessions

Expect PNB, Bandhan Bank and other banks to trade with a negative bias below 200-DMA

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 Small Finance Bank shares jump 3% as lender launches QIP issue

The issue has been set at a floor price of Rs 1,181.06 per share, on which the lender may offer a discount of not more than 5 per cent, according to its exchange filing.

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

Street signs: Fresh momentum for AU Small Finance Bank stock

RBI's decision to allow small finance bank to become scheduled commercial bank likely to give it fresh momentum