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07-06-2023 12:09 PM | Source: Accord Fintech
AU Small Finance Bank moves up on logging 27% growth in total deposits during Q1FY24
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AU Small Finance Bank is currently trading at Rs. 774.95, up by 6.20 points or 0.81% from its previous closing of Rs. 768.75 on the BSE.

The scrip opened at Rs. 770.00 and has touched a high and low of Rs. 775.75 and Rs. 765.75 respectively. So far 10597 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 794.95 on 29-May-2023 and a 52 week low of Rs. 538.80 on 15-Jul-2022.

Last one week high and low of the scrip stood at Rs. 782.00 and Rs. 747.25 respectively. The current market cap of the company is Rs. 51680.35 crore.

The promoters holding in the company stood at 25.54%, while Institutions and Non-Institutions held 60.37% and 14.09% respectively.

AU Small Finance Bank has reported 27% rise in total deposits to Rs 69,315 crore as of June 30, 2023 (Q1FY24) as compared to Rs 54,631 crore as of June 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 69,365 crore as of March 2023. Its gross advances were up by 29% to Rs 63,635 crore in Q1FY24 as against Rs 49,349 crore as of June 30, 2022.  

Its CASA deposits grew 14% to Rs 24,286 crore as of June 30, 2023, as compared to Rs 21,216 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 26,660 crore as of March 2023. CASA Ratio stood at 35.0% as of June 30, 2023 as compared to 38.4% as of March 31, 2023. 

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.