04-04-2024 02:46 PM | Source: Accord Fintech
AU Small Finance Bank trades higher on logging 25% growth in gross advances during Q4FY24

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AU Small Finance Bank is currently trading at Rs. 626.05, up by 20.85 points or 3.45% from its previous closing of Rs. 605.20 on the BSE.

The scrip opened at Rs. 610.05 and has touched a high and low of Rs. 639.80 and Rs. 610.05 respectively. So far 702322 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. 553.90 on 06-Apr-2023.

Last one week high and low of the scrip stood at Rs. 607.50 and Rs. 561.10 respectively. The current market cap of the company is Rs. 46276.88 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’s gross advances stood at Rs 73,999 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 25% rise in year-on-year (YoY) terms against Rs 59,158 crore as of March 31, 2023. Total deposits grew 26% to Rs 87,182 crore (provisional) as of March 31, 2024, as compared to Rs 69,365 crore as of March 31, 2023.

CASA deposits stood at Rs 29,126 crore (provisional) as of March 31, 2024, posting a 9% rise in year-on-year terms against Rs 26,660 crore as of March 31, 2023. CASA Ratio stood at 33% as of March 31, 2024 versus 38% 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.