AU Small Finance Bank gains on launching new products
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AU Small Finance Bank is currently trading at Rs. 612.70, up by 3.45 points or 0.57% from its previous closing of Rs. 609.25 on the BSE.
The scrip opened at Rs. 612.30 and has touched a high and low of Rs. 616.80 and Rs. 605.45 respectively. So far 91070 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 813.00 on 08-Jan-2024 and a 52 week low of Rs. 554.00 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs. 630.95 and Rs. 604.00 respectively. The current market cap of the company is Rs. 45482.20 crore.
The promoters holding in the company stood at 25.45%, while Institutions and Non-Institutions held 62.15% and 12.40% respectively.
AU Small Finance Bank has launched an array of products including Rupay credit card and ATM insurance. Among the latest offerings are two innovative credit cards: the AU SPONT Rupay Credit Card and Secured Credit Card - NOMO (No Missing Out), developed in collaboration with NPCI and VISA, respectively.
The NOMO Credit Card marks AU Small Finance Bank’s debut into the realm of secured credit cards, backed by a fixed deposit. The bank has unveiled the AU 0101 Business App, designed to offer customized solutions for proprietorships and MSMEs, alongside AU0101 Version 2.0, engineered to provide customers with an enhanced mobile banking experience, complete with exciting new features.
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.
