AU Small Finance Bank falls despite reporting 5% growth in total deposits during Q3FY23
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AU Small Finance Bank is currently trading at Rs. 633.50, down by 8.05 points or 1.25% from its previous closing of Rs. 641.55 on the BSE.
The scrip opened at Rs. 642.05 and has touched a high and low of Rs. 642.45 and Rs. 624.00 respectively. So far 36702 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 732.90 on 21-Apr-2022 and a 52 week low of Rs. 524.80 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 671.80 and Rs. 624.00 respectively. The current market cap of the company is Rs. 42190.22 crore.
The promoters holding in the company stood at 25.58%, while Institutions and Non-Institutions held 59.83% and 14.57% respectively.
AU Small Finance Bank has posted 5% growth in total deposits at Rs 61,101 crore (provisional) for the third quarter ended December 31, 2022 (Q3FY23) as compared to Rs 58,335 crore in Q2FY23, on a quarterly basis. The CASA Ratio stood at 38% as of December 31, 2022 versus 42% as of September 30, 2022. On a quarterly basis, its gross advances stood at Rs 56,335 crore (provisional) as of December 31, 2022, posting a 7% rise against Rs 52,452 crore as of September 30, 2022.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
