News

AU Small Finance Bank jumps on entering into bancassurance tie-ups with Star Health and Bajaj Allianz AU Small Finance Bank is currently trading at Rs. 736.35, up by 11.25 points or 1.55% from its previous closing of Rs. 725.10 on the BSE. The scrip opened at Rs. 726.50 and has touched a high and low of Rs. 736.95 and Rs. 724.25 respectively. So far 17272 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 ...
AU Small Finance Bank jumps on entering into bancassurance tie-ups with Star Health and Bajaj Allianz
AU Small Finance Bank jumps on entering into bancassurance tie-ups with Star Health and Bajaj Allianz
Source: Accord Fintech
8/09/2023 3:38:06 PM
AU Small Finance Bank and Bajaj Allianz Life Insurance enter into strategic partnership AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and Bajaj Allianz Life Insurance, one of India’s leading private life insurers, announced their strategic partnership, today in Mumbai. This collaboration will empower a diverse range of AU Small Finance Bank's customers to gain access to Bajaj Allianz Life’s comprehensive suite of life insurance products, thereby addressing their imperative need for financial security. Mr. Uttam Tibrewal, Executive Di...
AU Small Finance Bank and Bajaj Allianz Life Insurance enter into strategic partnership
AU Small Finance Bank and Bajaj Allianz Life Insurance enter into strategic partnership
Source: PR Agency
8/09/2023 2:29:10 PM
AU Small Finance Bank unveils Zenith Plus super premium credit card with unmatched luxury benefits AU Small Finance Bank is excited to introduce the Zenith + Super Premium Metal Credit Card, a new addition to its comprehensive suite of banking solutions. This super premium credit card brings forth a host of exclusive benefits that cater to diverse aspects of modern living. From seamless global travel to unlimited entertainment options, from premium lounge access to personalized concierge services, this card transforms ordinary transactions into extraordinary experiences. It is an embodi...
AU Small Finance Bank unveils Zenith Plus super premium credit card with unmatched luxury benefits
AU Small Finance Bank unveils Zenith Plus super premium credit card with unmatched luxury benefits
Source: PR Agency
6/09/2023 11:26:46 AM
Buy AU Small Finance Bank For Target Rs .825 - Motilal Oswal Financial Services Playing for the long innings – Earnings growth to accelerate from FY25; Upgrade to BUY * AUBANK delivered an impressive 54%/34% CAGR in deposits/loans over FY18-23. It has evolved as a strong franchise not just in the SFB segment but in the overall mid-cap banking space. * Scale-up of new products, widening geographical reach, aggressive investments in technology and thrust on physical expansion should support long-term growth. We estimate the bank to maintain industry-leading loa...
Buy AU Small Finance Bank For Target Rs .825 - Motilal Oswal Financial Services
Buy AU Small Finance Bank For Target Rs .825 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
30/08/2023 11:47:27 AM
Indian banks` dividend to rise to at least 7-year high in FY24 - S&P report  Indian banks' aggregate dividend payout to shareholders is set to rise to its highest level in at least seven years in 2023-2024, helped by strong business metrics and healthy credit growth, a report from S&P Global Market Intelligence showed. India's brisk economic activity will likely "sustain high credit growth," resulting in "excellent" earnings forecasts for banks," Tusharika Aggarwal, a dividend forecasting research analyst at S&P Global...
Indian banks` dividend to rise to at least 7-year high in FY24 - S&P report
Indian banks` dividend to rise to at least 7-year high in FY24 - S&P report
Source: Reuters
24/08/2023 4:57:04 PM
Add AU Small Finance Bank For Target Rs .840 - Yes Securities Ltd AU Bank’s Q1 FY24 performance was a mixed bag, which was characterized by 1) sustained strong asset growth, 2) NII coming below expectations, 3) stronger core fee income trends, 4) in-line cost growth and 5) higher net slippages. NIM decline was sharper than expectation, the bank utilized a large part of its contingent provisions, and PCR declined materially. RoA/RoE for the quarter stood at 1.7%/14%. After likely dipping in FY24, the return ratios could secularly improve from FY25 (...
Add AU Small Finance Bank For Target Rs .840 - Yes Securities Ltd
Add AU Small Finance Bank For Target Rs .840 - Yes Securities Ltd
Source: Yes Securities Ltd
31/07/2023 12:14:51 PM
Add AU Small Finance Bank For Target Rs .840 - Yes Securities Ltd AU Bank’s Q1 FY24 performance was a mixed bag, which was characterized by 1) sustained strong asset growth, 2) NII coming below expectations, 3) stronger core fee income trends, 4) in-line cost growth and 5) higher net slippages. NIM decline was sharper than expectation, the bank utilized a large part of its contingent provisions, and PCR declined materially. RoA/RoE for the quarter stood at 1.7%/14%. After likely dipping in FY24, the return ratios could secularly improve from FY25 (eve...
Add AU Small Finance Bank For Target Rs .840 - Yes Securities Ltd
Add AU Small Finance Bank For Target Rs .840 - Yes Securities Ltd
Source: Yes Securities Ltd
28/07/2023 2:16:40 PM
Hold AU Small Finance Bank For Target Rs .770 - ICICI Securities Ltd Strong loan growth at 8% QoQ was offset by ~40bps QoQ NIM contraction resulting in 9% QoQ decline in AU Small Finance Bank’s (AU) Q1FY24 PAT to INR 3.8bn. NIM settled at 5.7% in Q1FY24 vs 6.1% in Q4FY23 due to 30bps QoQ increase in cost of deposits to 6.6% and flattish QoQ asset yields at 13.4%. Management indicated, while bulk of deposits were already repriced at higher rates as of Jun’23, cost of funds is likely to increase by ~10bps and put pressure on NIM in Q2FY24. Asset qual...
Hold AU Small Finance Bank For Target Rs .770 - ICICI Securities Ltd
Hold AU Small Finance Bank For Target Rs .770 - ICICI Securities Ltd
Source: ICICI Securities Ltd
25/07/2023 1:55:51 PM
AU Small Finance Bank moves up on logging 27% growth in total deposits during Q1FY24 AU Small Finance Bank is currently trading at Rs. 774.95, up by 6.20 points or 0.81% from its previous closing of Rs. 768.75 on the BSE. The scrip opened at Rs. 770.00 and has touched a high and low of Rs. 775.75 and Rs. 765.75 respectively. So far 10597 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. 538.80 on 15-Jul-2022. Last one week high and low of the scrip s...
AU Small Finance Bank moves up on logging 27% growth in total deposits during Q1FY24
AU Small Finance Bank moves up on logging 27% growth in total deposits during Q1FY24
Source: Accord Fintech
6/07/2023 12:09:19 PM
AU Small Finance Bank gains on planning to raise funds AU Small Finance Bank is currently trading at Rs. 742.75, up by 5.25 points or 0.71 % from its previous closing of Rs. 737.50 on the BSE. The scrip opened at Rs. 735.05 and has touched a high and low of Rs. 744.50 and Rs. 733.25 respectively. So far 11461 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. 538.80 on 15-Jul-2022. Last one week high and low of the scrip ...
AU Small Finance Bank gains on planning to raise funds
AU Small Finance Bank gains on planning to raise funds
Source: Accord Fintech
26/06/2023 11:13:50 AM
Neutral AU Small Finance Bank For Target Rs .830 - Motilal Oswal Financial Services Business momentum steady; remain watchful of margin Earnings to clock 28% CAGR over FY23-25E v/s 37% CAGR over FY18-23 * AUBANK’s stock has delivered healthy returns of >40% over the past two months, particularly after the RBI approved the re-appointment of Mr. Sanjay Agarwal as MD and CEO of the bank. * Although we see a robust growth opportunity for the bank in the long term and believe the stock can be a compounder if the bank continues to execute well, near-term growth o...
Neutral AU Small Finance Bank For Target Rs .830 - Motilal Oswal Financial Services
Neutral AU Small Finance Bank For Target Rs .830 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
6/06/2023 12:46:38 PM
Add AU Small Finance Bank For Target Rs .660 - ICICI Securities AU SFB’s (AU) Q4FY23 has been an eventful quarter – while it continues to deliver robust financial performance as reflected in RoA reaching 2% and RoE at ~16%, re-appointment of Mr. Sanjay Agarwal as MD & CEO and Mr. Uttam Tibrewal as whole- time director for three years (w.e.f. from 19th Apr’23 to 18th Apr’26) and AD-1 license approval testify its successful SFB journey. This also reinforces our view that strong earnings momentum is likely to continue over FY24/2...
Add AU Small Finance Bank For Target Rs .660 - ICICI Securities
Add AU Small Finance Bank For Target Rs .660 - ICICI Securities
Source: ICICI Securities
1/05/2023 12:26:34 PM
Add AU Small Finance Bank For Target Rs .760 - Motilal Oswal Financial Services * AUBANK reported 23% YoY growth in net earnings (in line) in 4QFY23, aided by lower tax/provisions. PPoP was affected by higher opex. However, NII was in line with estimates, with margins moderating 10bp QoQ. * Gross advances/deposits grew strongly by 26%/32% YoY, and CASA deposits grew 36% YoY, resulting in the CASA ratio improving to 38.4%. * Absolute GNPAs/NNPAs declined 4%/14% QoQ. Thus, the headline GNPA/ NNPA ratios improved 15bp/9bp QoQ to 1.66%/0.42%. The PCR ratio improved to ...
Add AU Small Finance Bank For Target Rs .760 - Motilal Oswal Financial Services
Add AU Small Finance Bank For Target Rs .760 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
27/04/2023 12:18:19 PM
AU Small Finance Bank expects credit growth of 27-28% for this FY - CEO India's AU Small Finance Bank expects to grow its loan book by 27% to 28% in this financial year, aided by high credit demand in the country, its managing director and chief executive officer told Reuters on Tuesday. "I expect that this kind of (credit) growth momentum is sustainable in some times to come," Sanjay Agarwal, managing director and chief executive officer said in a telephonic interview. The bank is targeting a deposit growth of around 29% to 30% in deposits for 2...
AU Small Finance Bank expects credit growth of 27-28% for this FY - CEO
AU Small Finance Bank expects credit growth of 27-28% for this FY - CEO
Source: Reuters
26/04/2023 2:13:19 PM
AU Small Finance Bank trades higher on getting RBI`s permission to deal in foreign exchange 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 s...
AU Small Finance Bank trades higher on getting RBI`s permission to deal in foreign exchange
AU Small Finance Bank trades higher on getting RBI`s permission to deal in foreign exchange
Source: Accord Fintech
20/04/2023 10:55:04 AM
Add AU Small Finance Bank For Target Rs .770 - ICICI Securities Ltd AU SFB disclosed that it has received regulatory approval (link) for the re- appointment of Mr. Sanjay Agarwal as MD & CEO and Mr. Uttam Tibrewal as whole- time director for three years (w.e.f. from 19th Apr’23 to 18th Apr’26). We expect this extension to ensure top management continuity. Besides, it improves visibility on continuation of its growth journey like in the past – scale with robust asset quality and profitability. We upgrade the stock to BUY from Add with a r...
Add AU Small Finance Bank For Target Rs .770 - ICICI Securities Ltd
Add AU Small Finance Bank For Target Rs .770 - ICICI Securities Ltd
Source: ICICI Securities Ltd
13/04/2023 12:34:14 PM
Add AU Small Finance Bank For Target Rs .745 - Yes Securities Core income growth and asset quality remains strong AU Bank delivered a stronger performance over expectations set by the pre-quarter disclosures. Adjusted for the lower PSL income, there was a PPOP/PAT beat of 5- 6%/10-11% respectively. Notably, bad debts recovery and the quantum of contingency/restructuring provisions utilization/reversal was higher in this quarter. At the core, growth in NII and Opex was in-line with expectations, while fee growth and asset quality trends were stronger....
Add AU Small Finance Bank For Target Rs .745 - Yes Securities
Add AU Small Finance Bank For Target Rs .745 - Yes Securities
Source: Yes Securities Ltd
3/03/2023 2:44:33 PM
Hold AU Small Finance Bank Ltd For Target Rs.650 - Emkay Global Financial Services Lower LLP drives earnings beat; managing cost pressures will be key challenge, hereon * AU SFB reported higher-than-expected PAT at Rs3.9bn vs. our estimate of Rs3.6bn, mainly due to stable margins and lower LLP, partly offset by higher opex. Bank utilized contingent provisions to the tune of Rs0.3bn, with asset quality in better control as GNPA ratio improved QoQ to 1.8%. * Credit growth remained strong at 38% YoY/7% QoQ, mainly led by strong corporate/SME growth and healthy retail gro...
Hold AU Small Finance Bank Ltd For Target Rs.650 - Emkay Global Financial Services
Hold AU Small Finance Bank Ltd For Target Rs.650 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
6/02/2023 3:18:31 PM
Buy AU Small Finance Bank For Target Rs - 745 Yes Securities Core income growth and asset quality remains strong AU Bank delivered a stronger performance over expectations set by the pre-quarter disclosures. Adjusted for the lower PSL income, there was a PPOP/PAT beat of 5- 6%/10-11% respectively. Notably, bad debts recovery and the quantum of contingency/restructuring provisions utilization/reversal was higher in this quarter. At the core, growth in NII and Opex was in-line with expectations, while fee growth and asset quality trends were stronger....
Buy AU Small Finance Bank For Target Rs - 745 Yes Securities
Buy AU Small Finance Bank For Target Rs - 745 Yes Securities
Source: Yes Securities Ltd
20/01/2023 10:59:47 AM
AU Small Finance Bank falls despite reporting 5% growth in total deposits during Q3FY23 AU Small Finance Bank is currently trading at Rs. 633.50, down by 8.05 points or 1.25% from its previous closing of Rs. 641.55 on the BSE. The scrip opened at Rs. 642.05 and has touched a high and low of Rs. 642.45 and Rs. 624.00 respectively. So far 36702 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. 524.80 on 08-Mar-2022. Last one week high and low of the scrip...
AU Small Finance Bank falls despite reporting 5% growth in total deposits during Q3FY23
AU Small Finance Bank falls despite reporting 5% growth in total deposits during Q3FY23
Source: Accord Fintech
5/01/2023 3:00:56 PM
Buy Small Finance Bank Ltd For Target Rs.750 By Motilal Oswal Financial Services Robust growth potential in SBL and Commercial Banking Prudent underwriting to enable strong asset quality We attended the fourth session of AUBANK’s virtual Insights Day. The management dwelled upon its two SBUs: Secured Business loans and Commercial Banking. As these businesses provide significant growth opportunities, the management aims to grow this book at a healthy pace. It intends to offer superior digital capabilities and cross-sell its wide bouquet of services, which will ...
Buy Small Finance Bank Ltd For Target Rs.750 By Motilal Oswal Financial Services
Buy Small Finance Bank Ltd For Target Rs.750 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
22/12/2022 2:20:36 PM
AU Small Finance Bank inches up on inking pact with HDFC Life AU Small Finance Bank is currently trading at Rs. 669.20, up by 0.30 points or 0.04% from its previous closing of Rs. 668.90 on the BSE. The scrip opened at Rs. 656.55 and has touched a high and low of Rs. 676.10 and Rs. 656.55 respectively. So far 22799 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. 467.50 on 27-Dec-2021. Last one week high and low of the scrip s...
AU Small Finance Bank inches up on inking pact with HDFC Life
AU Small Finance Bank inches up on inking pact with HDFC Life
Source: Accord Fintech
16/12/2022 3:03:19 PM
AU Small Finance Bank gains on entering into Bancassurance tie-up with ICICI Lombard General Insurance AU Small Finance Bank is currently trading at Rs. 651.55, up by 0.75 points or 0.12% from its previous closing of Rs. 650.80 on the BSE. The scrip opened at Rs. 645.50 and has touched a high and low of Rs. 653.00 and Rs. 645.50 respectively. So far 53257 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. 467.50 on 27-Dec-2021. Last one week high and low of the scrip s...
AU Small Finance Bank gains on entering into Bancassurance tie-up with ICICI Lombard General Insurance
AU Small Finance Bank gains on entering into Bancassurance tie-up with ICICI Lombard General Insurance
Source: Accord Fintech
6/12/2022 2:40:02 PM
Hold AU Small Finance Bank Ltd For Target Rs.625 - ICICI Securities Reorganises itself into 10 SBUs to ensure sustainability and scalability; insights into two SBUs AU Small Finance Bank (AU SFB) has always remained ahead in pre-empting future business trends and building capabilities to serve the evolving needs of customers. We derive this view from AU’s past initiatives such as: i) Reducing exposure in MHCV segment during FY13-FY14; ii) strategic shift towards used vehicle financing in FY19-FY20, considering slowdown in new vehicle sales; iii) duri...
Hold AU Small Finance Bank Ltd For Target Rs.625 - ICICI Securities
Hold AU Small Finance Bank Ltd For Target Rs.625 - ICICI Securities
Source: ICICI Securities Ltd
22/11/2022 12:39:52 PM
Diwali Fundamental Muhurat Picks By Angel One Federal Bank * Federal bank is one of India's largest old generation private sector banks. At the end of Q2 FY2023 the bank had advances of Rs. 1.61 lakh cr. And deposits of Rs 1.89 lakh cr. The bank predominantly has a secured lending book which helped limit asset quality issues during the Covid 19 pandemic. * Federal Bank has posted a good set of numbers for Q2FY23 as NII, and Advances increased by 19.1%/19.9% YoY. Provisioning for the quarter was up by mere 9% YoY because of whic...
Diwali Fundamental Muhurat Picks By Angel One
Diwali Fundamental Muhurat Picks By Angel One
Source: Angel One Ltd
22/10/2022 2:06:16 PM
Vijay Sales rolls out its massive Grand Electronics sale at Stores Mumbai: The festive season in the new normal is here, bringing all the more reasons to shop and splurge this time. To add to this moment of cheer, Vijay Sales, India’s leading consumer retail company, is live with its much-awaited Grand Electronics sale at all its physical stores and website www.vijaysales.com. Consumers can avail of massive discounts on Mobile Phones, Home electronics, entertainment gadgets, Appliances & more from their favourite brands till September 26,...
Vijay Sales rolls out its massive Grand Electronics sale at Stores
Vijay Sales rolls out its massive Grand Electronics sale at Stores
Source: PR Agency
24/09/2022 9:21:25 AM
Buy Small Finance Bank Ltd For Target Rs.680 By Motilal Oswal Financial Services Modest quarter Lower provision supports earnings; margin declines sequentially * AUBANK reported slightly higher earnings (+4%) as compared to our estimate, led by lower provisions. However, operating profit fell 9% YoY due to a weak treasury performance. *  While advances growth was strong at 43% YoY, lower margin dragged NII growth to 35%. In 1QFY23, margin contracted by 40bp QoQ to 5.9%. * GNPAs increased by 5% QoQ. However, the GNPA ratio improved marginally. NNPA ratio g...
Buy Small Finance Bank Ltd For Target Rs.680 By Motilal Oswal Financial Services
Buy Small Finance Bank Ltd For Target Rs.680 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
29/08/2022 2:18:30 PM
AU Small Finance Bank surges on raising Rs 2,500 crore via QIP AU Small Finance Bank is currently trading at Rs. 657.15, up by 13.00 points or 2.02% from its previous closing of Rs. 644.15 on the BSE. The scrip opened at Rs. 652.85 and has touched a high and low of Rs. 659.00 and Rs. 649.30 respectively. So far 10928 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. 467.50 on 27-Dec-2021. Last one week high and low of the scrip ...
AU Small Finance Bank surges on raising Rs 2,500 crore via QIP
AU Small Finance Bank surges on raising Rs 2,500 crore via QIP
Source: Accord Fintech
11/08/2022 12:01:03 PM
AU Small Finance Bank jumps on raising Rs 500 crore via Bonds AU Small Finance Bank is currently trading at Rs. 630.10, up by 20.75 points or 3.41% from its previous closing of Rs. 609.35 on the BSE. The scrip opened at Rs. 608.50 and has touched a high and low of Rs. 644.45 and Rs. 608.50 respectively. So far 62214 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. 467.50 on 27-Dec-2021. Last one week high and low of the scrip ...
AU Small Finance Bank jumps on raising Rs 500 crore via Bonds
AU Small Finance Bank jumps on raising Rs 500 crore via Bonds
Source: Accord Fintech
4/08/2022 1:42:21 PM
AU Small Finance Bank gains on planning to raise fund through bonds AU Small Finance Bank is currently trading at Rs. 587.85, up by 5.30 points or 0.91% from its previous closing of Rs. 582.55 on the BSE. The scrip opened at Rs. 580.00 and has touched a high and low of Rs. 590.00 and Rs. 578.20 respectively. So far 19340 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. 467.50 on 27-Dec-2021. Last one week high and low of the scrip s...
AU Small Finance Bank gains on planning to raise fund through bonds
AU Small Finance Bank gains on planning to raise fund through bonds
Source: Accord Fintech
27/07/2022 10:53:10 AM
RBI imposes monetary penalty on Suryoday Small Finance Bank The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 57.75 lakh on Suryoday Small Finance Bank (the bank) for non-compliance with the ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016’ issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949. This action is based on the...
RBI imposes monetary penalty on Suryoday Small Finance Bank
RBI imposes monetary penalty on Suryoday Small Finance Bank
Source: Accord Fintech
25/07/2022 10:46:59 AM
Add AU Small Finance Bank Ltd For Target Rs.680 - Yes Securities Earnings miss driven by treasury loses and structural investments AU Bank delivered a mixed performance in Q1 FY23 wherein reported PPOP/earnings were impacted (lower 25%/23% than our estimates) by lower other income (Rs0.55bn MTM and realized losses on treasury investments) and higher opex (sustained franchise development/growth investments), negating a strong performance on AUM growth (5% qoq/37% yoy), NIM (NII growth in-line with AUM) and asset quality (low ann. credit cost of 30 bps). ...
Add AU Small Finance Bank Ltd For Target Rs.680 - Yes Securities
Add AU Small Finance Bank Ltd For Target Rs.680 - Yes Securities
Source: Yes Securities Ltd
21/07/2022 11:19:43 AM
AU Small Finance Bank soars on reporting 32% rise in Q1 net profit AU Small Finance Bank is currently trading at Rs. 598.80, up by 22.05 points or 3.82% from its previous closing of Rs. 576.75 on the BSE. The scrip opened at Rs. 576.90 and has touched a high and low of Rs. 600.45 and Rs. 570.35 respectively. So far 57212 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. 467.50 on 27-Dec-2021. Last one week high and low of the scrip ...
AU Small Finance Bank soars on reporting 32% rise in Q1 net profit
AU Small Finance Bank soars on reporting 32% rise in Q1 net profit
Source: Accord Fintech
21/07/2022 10:27:14 AM
Update on AU Small Finance Bank Ltd By Motilal Oswal Business momentum modest; incremental cost of funds rises 40bp QoQ AUBANK has released its business update for 1QFY23. Here are the key highlights: * AUBANK reported a modest sequential growth of 4.9% (up 37% YoY) in total AUM to ~INR502b. On a gross advances basis, it witnessed a growth of 5.5% QoQ (up 42.3% YoY). In 1QFY23, disbursements remained healthy, but moderated by 18% QoQ to INR84.5b (up 345% YoY due to a low base). The bank is witnessing strong traction in its Credit Car...
Update on AU Small Finance Bank Ltd By Motilal Oswal
Update on AU Small Finance Bank Ltd By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/07/2022 12:37:53 PM
AU Small Finance Bank`s total deposits up 48% in Q1FY23 AU Small Finance Bank’s total deposits grew 48% to Rs 54,631 crore as of June 30, 2022 (Q1FY23), as compared to Rs 37,014 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 52,585 crore as of March 2022. Gross Advance stood at Rs 49,366 crore as of June 30, 2022, posting a 42% rise in year-on-year (YoY) terms against Rs 34,687 crore as of June 30, 2021 and in quarter-on-quarter (QoQ) basis stood at Rs 46,789 crore in March 2022. Loan Assets under management (A...
AU Small Finance Bank`s total deposits up 48% in Q1FY23
AU Small Finance Bank`s total deposits up 48% in Q1FY23
Source: Accord Fintech
4/07/2022 10:31:29 AM
Hold AU Small Finance bank Ltd For Target Rs.650 - Emkay Global Investing for future, but near-medium term return ratios may moderate a bit * Credit growth healthy; but rising CoF and share of low-yielding portfolio may put pressure on otherwise high NIMs: The bank has guided for continued strong disbursements in Q1 and 25-30% growth in FY23, led by strong momentum in commercial banking (CB) and acceleration in wheels (personal/commercial), small business loans (SBL) and home loans (albeit on a low base). However, we believe higher credit growt...
Hold AU Small Finance bank Ltd For Target Rs.650 - Emkay Global
Hold AU Small Finance bank Ltd For Target Rs.650 - Emkay Global
Source: Emkay Global Financial Services Ltd
1/07/2022 1:18:22 PM
AU Small Finance Bank surges on launching innovative Credit Card product ‘LIT’ AU Small Finance Bank is currently trading at Rs. 619.70, up by 20.35 points or 3.40% from its previous closing of Rs. 599.35 on the BSE. The scrip opened at Rs. 601.00 and has touched a high and low of Rs. 621.50 and Rs. 595.50 respectively. So far 23173 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. 467.50 on 27-Dec-2021. Last one week high and low of the scrip ...
AU Small Finance Bank surges on launching innovative Credit Card product ‘LIT’
AU Small Finance Bank surges on launching innovative Credit Card product ‘LIT’
Source: Accord Fintech
23/06/2022 11:07:12 AM
Stock Picks - AU Small Finance Bank By Samco Securities AU Small Finance Bank In a short span of time, AU Small Finance Bank has registered significant growth across all major parameters and has consistently remained ahead of the curve thanks to its extensive understanding of the business cycle and customer segments. Its strategy involves building a granular, retail liabilities franchise with a major focus on technology. The bank’s stupendous financials in comparison to its peers continue to reward the shareholders. In addition, the compa...
Stock Picks - AU Small Finance Bank By Samco Securities
Stock Picks - AU Small Finance Bank By Samco Securities
Source: Samco Securities Ltd
27/05/2022 3:34:38 PM
Add AU Small Finance Bank Ltd For Target Rs.1,505 - Yes Securities Strong growth and asset quality to continue Our view AU Bank delivered an in-line operating performance (1% NII beat and 2% PPOP miss) on the expectations set by the pre-quarter disclosures. PAT beat of 6% and higher RoA/RoE of 2.2%/19% were driven by lower tax rate (presence of tax refund). All-time high disbursements of Rs103bn (up 26% qoq and 39% yoy) were driven by improved demand, expanding distribution and strengthening competitive position across product segments of Wheels, SBL, ...
Add AU Small Finance Bank Ltd For Target Rs.1,505 - Yes Securities
Add AU Small Finance Bank Ltd For Target Rs.1,505 - Yes Securities
Source: Yes Securities Ltd
27/04/2022 9:26:02 AM
Buy AU Small Finance Bank Ltd For Target Rs. 1,550 - Motilal Oswal Business momentum robust; collection efficiency healthy AUBANK has released its business update for 4QFY22. Here are the key highlights: AUBANK reported a robust sequential growth of 13.8% (+26.9% YoY) in total AUM to ~INR478b. On a gross advances basis, it witnessed a growth of 14.9% QoQ and 32.4% YoY. The bank saw significant improvement in the overall business environment, which resulted in strong disbursements. In 4QFY22, disbursements were up 26% QoQ to INR102.9b (+38.7% YoY). Disb...
Buy AU Small Finance Bank Ltd For Target Rs. 1,550 - Motilal Oswal
Buy AU Small Finance Bank Ltd For Target Rs. 1,550 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/04/2022 11:56:47 AM
Buy AU Small Finance Bank Ltd For Target Rs.1,370 - ICICI Securities Reorganises itself into 10 SBUs to ensure sustainability and scalability; insights into two AU Small Finance Bank (AU) has always remained ahead in pre-empting future business trends and building capabilities to serve the evolving needs of customers. We derive this view from AU’s past initiatives such as: i) reducing exposure to MHCV segment during FY13-FY14; ii) strategic shift towards used vehicle financing in FY19-FY20 considering slowdown in new vehicle sales; iii) during 9MFY22,...
Buy AU Small Finance Bank Ltd For Target Rs.1,370 - ICICI Securities
Buy AU Small Finance Bank Ltd For Target Rs.1,370 - ICICI Securities
Source: ICICI Securities Ltd
19/03/2022 10:11:03 AM
Hold AU Small Finance Bank Ltd For Target Rs. 1370 - ICICI Securities Reorganises itself into 10 SBUs to ensure sustainability and scalability; insights into three SBUs AU Small Finance Bank (AU) has always remained ahead in pre-empting future business trends and building capabilities to serve the evolving needs of customers. We derive this view from AU’s past initiatives such as: i) reducing exposure in MHCV segment during FY13-FY14; ii) strategic shift towards used vehicle financing in FY19-FY20 considering slowdown in new vehicle sales; and iii) foc...
Hold AU Small Finance Bank Ltd For Target Rs. 1370 - ICICI Securities
Hold AU Small Finance Bank Ltd For Target Rs. 1370 - ICICI Securities
Source: ICICI Securities Ltd
11/03/2022 1:22:04 PM
Hold AU Small Finance bank Ltd For Target Rs.1,275 - Emkay Global Steadfast growth; needs to shore up specific provision buffers * AU SFB posted a slight earnings beat, with a PAT of Rs3bn (est: Rs2.9bn), mainly driven by strong NII growth (up 30% yoy), high core/PSLC fees and low provisions, partly offset by high opex as the bank continued to invest in franchise network/customer acquisition. * Overall AUM growth was strong at 26% yoy/11% qoq, mainly led by strong traction in commercial banking, SBL and a pick-up in wheels. The CASA ratio was at a his...
Hold AU Small Finance bank Ltd For Target Rs.1,275 - Emkay Global
Hold AU Small Finance bank Ltd For Target Rs.1,275 - Emkay Global
Source: Emkay Global Financial Services Ltd
9/02/2022 9:26:37 AM
Buy AU Small Finance Bank Ltd For Target Rs. 1380 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer     To Read Complete Report & Disclaimer Click Here &nbs...
Buy AU Small Finance Bank Ltd For Target Rs. 1380 - Religare Broking
Buy AU Small Finance Bank Ltd For Target Rs. 1380 - Religare Broking
Source: Religare Broking Ltd
28/01/2022 10:04:31 AM
Buy AU Small Finance Bank Ltd For Target Rs.1,400 - Motilal Oswal Robust business momentum; healthy collection efficiency AUBANK has released its business update for 3QFY22. Here are the key highlights: * AUBANK reported a strong sequential growth of 10.6% (+26.5% YoY) in total AUM to ~INR420b. On a gross advances basis, it witnessed a growth of 11.9% QoQ (+33.4% YoY). The bank saw a significant improvement in the overall business environment, which resulted in strong disbursements. In 3QFY22, disbursements were up 59% QoQ (+33% YoY) at INR81.5b....
Buy AU Small Finance Bank Ltd For Target Rs.1,400 - Motilal Oswal
Buy AU Small Finance Bank Ltd For Target Rs.1,400 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
5/01/2022 2:34:40 PM
Hold Au Small Finance Bank Ltd For Target Rs.1,250 - ICICI Securities Broad-based recovery in growth with pristine asset quality AU SFB (AU) has reported strong all-round Q2FY22 financial performance with growth reviving back to pre-covid level – AUM growth at 24% YoY, NII at 34% YoY and deposit at 45% YoY, utilising provision reversal towards franchise build-up (opex up 21% QoQ) and net negative slippages & incremental restructuring of Rs0.8bn (20bps of AUM). Granularisation of deposits continued with share of retail deposits increasing to 64% and...
Hold Au Small Finance Bank Ltd For Target Rs.1,250 - ICICI Securities
Hold Au Small Finance Bank Ltd For Target Rs.1,250 - ICICI Securities
Source: ICICI Securities
30/11/2021 9:33:08 AM
Add AU Small Finance Bank Ltd For Target - Yes Securities Significant improvement in asset quality was the key surprise Our view AU Bank delivered a sizeable beat on earnings even adjusted for the higher PSLC income, aided by strong AUM growth, significant recovery in core fees, further decline in funding cost and a sharp improvement in asset quality which drove negligible credit cost. Disbursements were up 2.7x qoq and 57% yoy with a sharp recovery in business originations across vintage segments (Wheels and SBL MSME) and newer segments (HL,...
Add AU Small Finance Bank Ltd For Target - Yes Securities
Add AU Small Finance Bank Ltd For Target - Yes Securities
Source: Yes Securities Ltd
5/11/2021 12:54:34 PM
Buy AU Small Finance Bank Ltd For Target Rs.1,400 - Motilal Oswal Disbursements improve sharply; collection efficiency remains strong AUBANK has released its business update for 2QFY22. Here are the key highlights: * AUBANK reported a sequential growth of 3.8% (+24.3% YoY) in total AUM to ~INR380b. On a gross advances basis, it witnessed a growth of 5% QoQ (+32% YoY). The bank saw significant improvement in the overall business environment, which resulted in strong disbursements. In 2QFY22, disbursements were up 171% QoQ to INR51.4b (+57% YoY). Dis...
Buy AU Small Finance Bank Ltd For Target Rs.1,400 - Motilal Oswal
Buy AU Small Finance Bank Ltd For Target Rs.1,400 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/10/2021 9:49:39 AM