AU Small Finance Bank trades higher on getting RBI`s permission to deal in foreign exchange
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AU Small Finance Bank is currently trading at Rs. 682.10, up by 3.80 points or 0.56% from its previous closing of Rs. 678.30 on the BSE.
The scrip opened at Rs. 682.80 and has touched a high and low of Rs. 685.05 and Rs. 675.55 respectively. So far 27779 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. 538.80 on 15-Jul-2022.
Last one week high and low of the scrip stood at Rs. 698.85 and Rs. 660.95 respectively. The current market cap of the company is Rs. 45145.31 crore.
The promoters holding in the company stood at 25.55%, while Institutions and Non-Institutions held 60.25% and 14.20% respectively.
AU Small Finance Bank has received permission from Reserve Bank of India (RBI) to act as Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999 to deal in foreign exchange. The permission is subject to compliance of applicable regulations.
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.
