AU Small Finance Bank inches up on logging 30% growth in total deposits during Q2FY24
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AU Small Finance Bank is currently trading at Rs. 704.35, up by 0.55 points or 0.08% from its previous closing of Rs. 703.80 on the BSE.
The scrip opened at Rs. 710.70 and has touched a high and low of Rs. 710.70 and Rs. 687.75 respectively. So far 26679 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. 548.15 on 24-Mar-2023.
Last one week high and low of the scrip stood at Rs. 745.75 and Rs. 687.75 respectively. The current market cap of the company is Rs. 46989.84 crore.
The promoters holding in the company stood at 25.53%, while Institutions and Non-Institutions held 60.87% and 13.61% respectively.
AU Small Finance Bank has reported 30% rise in total deposits to Rs 75,743 crore as of September 30, 2023 (Q2FY24) as compared to Rs 58,335 crore as of September 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 69,315 crore as of June 2023. Its gross advances were up by 24% to Rs 65,029 crore in Q2FY24 as against Rs 52,452 crore as of September 30, 2022.
Its CASA deposits grew 4% to Rs 25,666 crore as of September 30, 2023, as compared to Rs 24,674 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 24,286 crore as of June 2023. CASA Ratio stood at 33.9% as of September 30, 2023 as compared to 35% as of June 30, 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.
