Page 3 - Au Small Finance Bank

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

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

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

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 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

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

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).

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

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 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

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

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