09-09-2024 09:50 AM | Source: Accord Fintech
AU Small Finance Bank inches up on partnering with United India Insurance Company

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AU Small Finance Bank is currently trading at Rs. 703.85, up by 0.45 points or 0.06% from its previous closing of Rs. 703.40 on the BSE.

The scrip opened at Rs. 709.95 and has touched a high and low of Rs. 709.95 and Rs. 696.55 respectively. So far 9176 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. 722.50 and Rs. 671.05 respectively. The current market cap of the company is Rs. 52292.40 crore.

The promoters holding in the company stood at 22.92%, while Institutions and Non-Institutions held 58.02% and 19.06% respectively.

AU Small Finance Bank (AU SFB) has entered into strategic partnership with United India Insurance Company (UIIC), the leading public sector general insurance company, to offer AU SFB’s customers with a wide range of general insurance solutions. It includes motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance, and more.

This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions. The partnership leverages UIIC’s vast network of branches in over 1000 tier 2 and tier 3 locations, aligning with AU SFB's expanding infrastructure and growing customer portfolio. 

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.