Provisioning cost increased by over 3x to Rs 151 crore in Q4 as customers opt for moratorium
The bank reported subdued earnings dented by higher provisions toward special mention accounts (SMA) accounts
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.
Majority of private bank stocks are down 10-33% YTD, indicating weaning conviction in the sector
Nifty PSU Bank index tanked over 10-year low after falling 8 per cent in intra-day
At 8x FY21 estimated book, even as it is the most expensive lender, the stock remains among the preferred picks in the banking pack
The private sector lender's stock is trading at its highest level since its listing on July 10, 2017
Loan and deposit accretion may slow down the current operating environment
Temasek has invested the money through the conversion of its 1.01 crore warrants.
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
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.
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
Margins likely to come under pressure as bank will pass on benefits to borrowers, say analysts
The stock surged 10% to Rs 711 on the BSE in early morning trade after a more than 9% equity trade in block deals.
The IPO success was possibly inspired by the fact that small finance banks will deepen their regional presence, venturing where their larger equivalents have never been
The stock listed at Rs 525, a 47% premium against its IPO price of Rs 358 per share.
IPO of AU Small Finance Bank was oversubscribed 53.60 times during June 28-30 and raised Rs 1,912 cr
Assets have tripled as it transformed from unorganised lender to NBFC and then a small finance bank