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Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets * Offers exclusive discounts on bookings done between September 26 and October 5 * Provides free cancellation on flight, train and bus tickets in case of last minute change in plans * Brings exciting offers in partnership with leading banks like ICICI Bank, RBL Bank, Bank of Baroda, and AU Small Finance Bank One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Sou...
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Source: PR Agency
2024-09-28 02:08:21 pm
Buy AU Small Finance Bank Ltd For Target Rs. 830 By Motilal Oswal Financial Services Ltd On a long growth runway! * AU Small Finance Bank (AUBANK) is well-positioned for strong growth, demonstrating a steady improvement in operating profitability as it capitalizes on the synergies resulting from the merger. A high-yielding loan book following the merger and broader product offerings, especially in the South, will facilitate profitable growth in the coming years. * The bank’s recent application for a Universal Bank license is expected to streamline regulatory...
Buy AU Small Finance Bank Ltd For Target Rs. 830 By Motilal Oswal Financial Services Ltd
Buy AU Small Finance Bank Ltd For Target Rs. 830 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-09-22 09:13:42 am
AU Small Finance Bank gains on entering into corporate agency agreement with Kotak Mahindra Life Insurance AU Small Finance Bank is currently trading at Rs. 718.60, up by 4.20 points or 0.59% from its previous closing of Rs. 714.40 on the BSE. The scrip opened at Rs. 721.00 and has touched a high and low of Rs. 724.40 and Rs. 717.00 respectively. So far 14809 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 s...
AU Small Finance Bank gains on entering into corporate agency agreement with Kotak Mahindra Life Insurance
AU Small Finance Bank gains on entering into corporate agency agreement with Kotak Mahindra Life Insurance
Source: Accord Fintech
2024-09-10 11:33:31 am
AU Small Finance Bank inches up on partnering with United India Insurance Company 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 st...
AU Small Finance Bank inches up on partnering with United India Insurance Company
AU Small Finance Bank inches up on partnering with United India Insurance Company
Source: Accord Fintech
2024-09-09 09:50:31 am
AU Small Finance Bank soars after applying for voluntary transition from Small Finance Bank to Universal Bank AU Small Finance Bank is currently trading at Rs. 683.55, up by 9.10 points or 1.35% from its previous closing of Rs. 674.45 on the BSE. The scrip opened at Rs. 682.50 and has touched a high and low of Rs. 686.40 and Rs. 671.05 respectively. So far 99518 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 s...
AU Small Finance Bank soars after applying for voluntary transition from Small Finance Bank to Universal Bank
AU Small Finance Bank soars after applying for voluntary transition from Small Finance Bank to Universal Bank
Source: Accord Fintech
2024-09-04 12:36:56 pm
Buy Ujjivan Small Finance Bank Ltd. For Target Rs. 60 By Emkay Global Financial Services Ujjivan SFB posted a 4% miss on earnings—PAT at Rs3bn/RoA at 2.9%—mainly due to lower other income and rising LLP. Ujjivan SFB’s AUM growth too moderated, to 19% YoY/1% QoQ in Q1FY25, due to a conscious decision to slacken disbursements (amid election-induced disruption) and owing to regulatory caution slowing down growth in certain geographies. Ujjivan had indicated asset-quality disruption in 1Q during its recent analyst meet which manifested with 29bps QoQ jump in GNPA ra...
Buy Ujjivan Small Finance Bank Ltd. For Target Rs. 60 By Emkay Global Financial Services
Buy Ujjivan Small Finance Bank Ltd. For Target Rs. 60 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-15 03:22:18 pm
Reduce AU Small Finance Bank Ltd. For Target Rs. 625 By Emkay Global Financial Services Earnings beat, but asset quality slips slightly AU SFB has, after a miss in 4Q, now reported a 10% beat on PAT at Rs5bn/on RoA at 1.7%, mainly bolstered by healthy NIMs and lower opex. However, seasonal stress, including some effect of the elections in the MFI portfolio coupled with continued delinquencies in Cards, led to higher slippages at 3.5% of loans/LLP at 1.3% of loans. Overall credit growth was healthy, at 23% YoY/5% QoQ, and led to better LDR, which coupled with higher fresh disb...
Reduce AU Small Finance Bank Ltd. For Target Rs. 625 By Emkay Global Financial Services
Reduce AU Small Finance Bank Ltd. For Target Rs. 625 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-15 03:15:45 pm
Buy AU Small Finance Bank Ltd For Target Rs.735 By Motilal Oswal Financial Services Low opex drives earnings beat; credit cost stays high NIMs improve sharply benefitting from merger with Fincare SFB * AUBANK reported 1QFY25 PAT of INR5.02b, significantly ahead of our estimates, led by controlled opex. NII stood at INR19.2b (in line), while NIMs improved 90bp QoQ to 6%, benefitting from the merger with Fincare SFB. * PPoP stood at INR9.9b (22% beat) as opex came in 13% lower than our estimate. C/I ratio thus declined sharply to 59.9% vs. 64.9% in 4QFY24. * Advanc...
Buy AU Small Finance Bank Ltd For Target Rs.735 By Motilal Oswal Financial Services
Buy AU Small Finance Bank Ltd For Target Rs.735 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-04 05:22:04 pm
AU SFB delivers strong operating performance for Q1`FY25 - Profit grows by 30% YoY to 503 Cr supported by NII growth of 54% YoY; RoA at 1.6% and ROE at 13.2% for Q1`FY25 Progressing well on AU@2027 strategy The Board of Directors of AU Small Finance Bank Limited at its meeting held today, approved the financial results for the quarter ended June 30, 2024. Executive Summary Q1'FY25 saw continued elevated competition among banks for deposit mobilization, while liquidity remained in deficit for most part of the quarter and inflation was rangebound. Domestic growth and inflation dynamics are expected to keep the interest rates elevated for longer. Quarter 1 has seasonally been a weak quarter ...
AU SFB delivers strong operating performance for Q1`FY25 - Profit grows by 30% YoY to 503 Cr supported by NII growth of 54% YoY; RoA at 1.6% and ROE at 13.2% for Q1`FY25 Progressing well on AU@2027 strategy
AU SFB delivers strong operating performance for Q1`FY25 - Profit grows by 30% YoY to 503 Cr supported by NII growth of 54% YoY; RoA at 1.6% and ROE at 13.2% for Q1`FY25 Progressing well on AU@2027 strategy
Source: PR Agency
2024-07-28 10:29:49 am
AU Small Finance Bank soars on reporting 30% rise in Q1 net profit AU Small Finance Bank is currently trading at Rs. 644.70, up by 13.40 points or 2.12% from its previous closing of Rs. 631.30 on the BSE. The scrip opened at Rs. 627.95 and has touched a high and low of Rs. 651.70 and Rs. 622.55 respectively. So far 97123 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 ...
AU Small Finance Bank soars on reporting 30% rise in Q1 net profit
AU Small Finance Bank soars on reporting 30% rise in Q1 net profit
Source: Accord Fintech
2024-07-26 02:35:12 pm
Video telematics startup Cautio raises Rs 6.5 cr led by Antler, other investors Video telematics startup Cautio on Monday announced a pre-seed raise of Rs 6.5 crore led by Antler, 8i Ventures and AU Small Finance Bank.  The funding round, a mix of equity and debt, also saw participation from Cautio’s early believing customers and angel investors. "With the support of our friends at Antler, 8i and AU, we are primed to escalate our efforts in deploying cutting-edge safety solutions across the country," Pranjal Nadhani, Co-founder & CTO, Cauti...
Video telematics startup Cautio raises Rs 6.5 cr led by Antler, other investors
Video telematics startup Cautio raises Rs 6.5 cr led by Antler, other investors
Source: IANS
2024-07-01 12:43:21 pm
Buy AU Small Finance Bank Ltd. For Target Rs.735 By Motilal Oswal Financial Services PPoP in line; asset quality improves One-off charges related to the merger hurt reported earnings * AU Small Finance Bank (AUBANK) reported a PAT of INR3.7b in 4QFY24 (down 13% YoY), due to the stamp duty and other transaction charges related to the merger with Fincare SFB. AUBANK’s NII grew 10% YoY to INR13.37b (3% miss), while NIM contracted 40bp QoQ to 5.1%. * PPoP grew 16% YoY to INR6.6b (in line) even as opex increased 26% YoY (4% above our estimate). C/I ratio thus increa...
Buy AU Small Finance Bank Ltd. For Target Rs.735 By Motilal Oswal Financial Services
Buy AU Small Finance Bank Ltd. For Target Rs.735 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-14 03:07:12 pm
Buy AU Small Finance Bank Ltd For Target Rs.720 - Motilal Oswal Financial Services Building strong foundation for sustainable growth RoA to remain suppressed in near term * AUBANK has historically delivered healthy RoAs; however, this has seen compression over FY24, primarily due to a decline in margins and an uptick in credit costs. The merger with Fincare SFB will enable AUBANK to achieve sustainable growth, while stronger return ratios for Fincare will boost profitability in the coming years, particularly as operating leverage improves. * Post-merger, the AUBAN...
Buy AU Small Finance Bank Ltd For Target Rs.720 - Motilal Oswal Financial Services
Buy AU Small Finance Bank Ltd For Target Rs.720 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-29 10:25:53 am
Buy AU Small Finance Bank Ltd For Target Rs.884 - Centrum Broking Lower credit cost and early signs of yield improvement Financial and valuation summary AUBANK reported above estimate numbers primarily to improvement in asset quality. NII for the quarter came in line at Rs13.4bn (CentrumE – Rs13.7bn). Further, noninterest income witnessed ~24% QoQ jump, thanks to pick up in business momentum. However, higher opex led to marginally lower PPoP at Rs6.6bn (CentrumE – 6.9bn). Resultantly, CTI for the quarter was sequentially higher at 64.9% vs. ...
Buy AU Small Finance Bank Ltd For Target Rs.884 - Centrum Broking
Buy AU Small Finance Bank Ltd For Target Rs.884 - Centrum Broking
Source: Centrum Broking Ltd
2024-04-29 12:54:49 pm
Reduce AU Small Finance Bank Ltd. For Target Rs.: 625 - Emkay Global Despite stable NIMs due to increased interest income on securitization and higher fees including cards, AU SFB reported 14% miss on earnings with PAT at Rs3.8bn (Emkay est.: Rs4.4bn) as provisions accelerated to Rs1.6bn due to rising stress in its VF and now even seasoning card portfolio. Fresh slippages were elevated at 2.9% of loans (Rs4bn) due to which GNPA ratio jumped 7bps QoQ to 2% for the third quarter in a row, indicating rising stress. The bank expects credit card book to break-even ...
Reduce AU Small Finance Bank Ltd. For Target Rs.: 625 - Emkay Global
Reduce AU Small Finance Bank Ltd. For Target Rs.: 625 - Emkay Global
Source: Emkay Global
2024-04-27 11:30:58 am
AU Small Finance Bank gains on launching new products 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 s...
AU Small Finance Bank gains on launching new products
AU Small Finance Bank gains on launching new products
Source: Accord Fintech
2024-04-24 03:09:47 pm
Neutral AU Small Finance Bank Ltd For Target Rs.780 By Yes Securities Delivers lower profitability with pressure on core NIMs, Opex and Credit Cost AU SFB delivered a significant 14% miss on our PAT estimate, despite higher securitization income (change in accounting + larger quantum done in the quarter), on account of much higher-than-expected opex and credit cost. Reported NIM was flat qoq at 5.5% but included the higher securitization income, and the portfolio spread was lower by 30 bps sequentially with portfolio yield declining by 10 bps. Bank’...
Neutral AU Small Finance Bank Ltd For Target Rs.780 By Yes Securities
Neutral AU Small Finance Bank Ltd For Target Rs.780 By Yes Securities
Source: Yes Securities Ltd.
2024-04-13 09:30:27 am
Buy AU Small Finance Bank Ltd For Target Rs.800 By Motilal Oswal Financial Service Earnings to gain traction in FY25 -      AUBANK reported PAT of INR3.75b in 3QFY24 (down 4% YoY, 10% miss), due to higher provisions (up ~4x YoY, 44% beat). NII grew 15% YoY to INR13.25b (in line), while NIMs contracted 6bp QoQ to 5.5%. -      PPoP grew 18% YoY to INR6.6b even as opex grew 25% YoY (5% higher than our estimate). The cost-income ratio, thus, in...
Buy AU Small Finance Bank Ltd For Target Rs.800 By Motilal Oswal Financial Service
Buy AU Small Finance Bank Ltd For Target Rs.800 By Motilal Oswal Financial Service
Source: Motilal Oswal Financial Services Ltd
2024-04-12 09:51:34 am
RBI`s decision on 3rd-party UPI apps to democratise wallet market: Experts Industry experts on Friday welcomed the move by the Reserve Bank of India (RBI) to permit the use of third-party UPI apps for making digital payments from prepaid payment instruments (PPI) wallets. PPIs can come in the form of payment wallets, smart cards, magnetic chips, vouchers and mobile wallets, etc. At the moment, UPI payments from PPI can only be through the web or mobile app provided by the PPI issuer. Shivaji Thapliyal, Head of Research and Lead Analyst, Yes Securities, said...
RBI`s decision on 3rd-party UPI apps to democratise wallet market: Experts
RBI`s decision on 3rd-party UPI apps to democratise wallet market: Experts
Source: IANS
2024-04-05 02:05:58 pm
AU Small Finance Bank trades higher on logging 25% growth in gross advances during Q4FY24 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...
AU Small Finance Bank trades higher on logging 25% growth in gross advances during Q4FY24
AU Small Finance Bank trades higher on logging 25% growth in gross advances during Q4FY24
Source: Accord Fintech
2024-04-04 02:46:24 pm
AU Small Finance Bank gains after RBI approves amalgamation of Fincare Small Finance Bank with itself AU Small Finance Bank is currently trading at Rs. 573.00, up by 1.05 points or 0.18% from its previous closing of Rs. 571.95 on the BSE. The scrip opened at Rs. 573.20 and has touched a high and low of Rs. 577.85 and Rs. 565.50 respectively. So far 66410 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. 548.15 on 24-Mar-2023. Last one week high and low of the scrip s...
AU Small Finance Bank gains after RBI approves amalgamation of Fincare Small Finance Bank with itself
AU Small Finance Bank gains after RBI approves amalgamation of Fincare Small Finance Bank with itself
Source: Accord Fintech
2024-03-06 12:48:01 pm
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
2024-02-22 11:55:53 am
Reduce AU Small Finance Bank Ltd For Target Rs. 680 - Elara Capital Transition underway Wading through challenges and uncertainty      AU Small Finance Bank (AUBANK IN) PAT of INR 3.75bn in Q3FY24 was marginally lower than our estimates driven by higher opex (sustained investment) and higher credit cost, although higher Other income and NII (benefitting from securitization), cushioned the impact. The key discussion points would be: 1) NIM trajectory as the bank runs toward t...
Reduce AU Small Finance Bank Ltd For Target Rs. 680 - Elara Capital
Reduce AU Small Finance Bank Ltd For Target Rs. 680 - Elara Capital
Source: Elara Capital
2024-02-16 12:49:39 pm
RBI MPC Quote by Uttam Tibrewal, Executive Director, AU Small Finance Bank Below reaction by RBI MPC Quote by Uttam Tibrewal, Executive Director, AU Small Finance Bank   "RBI’s policy was on expected lines with focus on bringing inflation towards targeted range of 4 per cent. Monetary policy stance and steady rates over last one year have helped maintain healthy growth momentum while lowering inflationary pressures. Going forward we believe as inflation nears RBI’s 4 per cent goal, space for monetary easing would open up in the ...
RBI MPC Quote by Uttam Tibrewal, Executive Director, AU Small Finance Bank
RBI MPC Quote by Uttam Tibrewal, Executive Director, AU Small Finance Bank
Source: PR Agency
2024-02-08 02:43:23 pm
AU Small Finance Bank and IIT Jodhpur forge strategic partnership for innovation and educational excellence AU Small Finance Bank (AU SFB), India’s largest SFB and Indian Institute of Technology (IIT), Jodhpur, have formally entered a Memorandum of Understanding (MoU)to drive innovation and foster collaboration in various domains of mutual interests. The agreement focuses on co-creating, designing thinking, and innovating for enterprises, engaging in open innovation cohorts with faculty and students, conducting research and development activities, co-advising students on thesis and projects, ...
AU Small Finance Bank and IIT Jodhpur forge strategic partnership for innovation and educational excellence
AU Small Finance Bank and IIT Jodhpur forge strategic partnership for innovation and educational excellence
Source: PR Agency
2024-02-04 12:33:40 pm
Interim Budget 2024 Reaction By Uttam Tibrewal, Executive Director, AU Small Finance Bank  Below reaction from Uttam Tibrewal, Executive Director, AU Small Finance Bank on the interim budget 2024.    "The interim union budget for FY 2025 reflects the government's strategic commitment to growth and all-round development while maintaining positive guidance towards fiscal consolidation. The Hon’ble Finance Minister reinforced support towards rural housing, start-ups and digitization which should augur well for robust credit demand. T...
Interim Budget 2024 Reaction By Uttam Tibrewal, Executive Director, AU Small Finance Bank
Interim Budget 2024 Reaction By Uttam Tibrewal, Executive Director, AU Small Finance Bank
Source: PR Agency
2024-02-03 10:34:24 am
AU Small Finance Bank gains on getting CCI`s nod to amalgamate Fincare Small Finance Bank with itself AU Small Finance Bank is currently trading at Rs. 731.40, up by 15.45 points or 2.16% from its previous closing of Rs. 715.95 on the BSE. The scrip opened at Rs. 717.00 and has touched a high and low of Rs. 736.40 and Rs. 709.75 respectively. So far 16628 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. 548.15 on 24-Mar-2023. Last one week high and low of the scrip ...
AU Small Finance Bank gains on getting CCI`s nod to amalgamate Fincare Small Finance Bank with itself
AU Small Finance Bank gains on getting CCI`s nod to amalgamate Fincare Small Finance Bank with itself
Source: Accord Fintech
2024-01-24 11:49:54 am
``AU Small Finance Bank launches `Swadesh Savings Account` and `Swadesh Current Account`` AU Small Finance Bank (AU SFB), India's largest SFB, is pleased to unveil two specialized accounts exclusively designed for customers in Swadesh branches. These innovative products, namely the 'AU Swadesh Savings Account' and the 'AU Swadesh Current Account,' underscore AU SFB's dedication to providing innovative, customer focused, banking solutions, and promoting use of technology and digital banking to customers in rural and semi-urban areas of the country. Top of Fo...
``AU Small Finance Bank launches `Swadesh Savings Account` and `Swadesh Current Account``
``AU Small Finance Bank launches `Swadesh Savings Account` and `Swadesh Current Account``
Source: PR Agency
2024-01-08 04:56:57 pm
AU Small Finance Bank`s `Bano Champion` programme produces national Football team talent from Sikar In a remarkable testament to the transformative power of grassroots sports training, AU Small Finance Bank is proud to announce that two exceptional athletes from Sikar, Majid Khan and Preetam, have secured coveted positions in the School Games Federation of India (SGFI) National U17 Football Team. Both athletes, with no prior background in sports, underwent intensive training under the ongoing AU Foundation’s Bano Champion Sports project. Majid Khan associated with the Bano Champion...
AU Small Finance Bank`s `Bano Champion` programme produces national Football team talent from Sikar
AU Small Finance Bank`s `Bano Champion` programme produces national Football team talent from Sikar
Source: PR Agency
2023-12-15 04:36:46 pm
Buy AU Small Finance Bank For Target Rs.780 - Motilal Oswal Financial Services Earnings in line, aided by other income; NIMs compress QoQ Announces merger with Fincare SFB – Merger to be EPS/BV accretive * AUBANK reported 17% YoY growth in net earnings (in line), aided by higher other income (up 72% YoY). PPoP thus grew 30% YoY (up 19% QoQ, 9% beat). Margins declined 22bp QoQ to 5.5%. Provisions came in higher at INR1.1b. * Advances grew 24%YoY (2% QoQ), while deposits grew strongly at 30% YoY (9.3% QoQ). CASA deposits grew 4% YoY, while CASA mix stood at...
Buy AU Small Finance Bank For Target Rs.780 - Motilal Oswal Financial Services
Buy AU Small Finance Bank For Target Rs.780 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-16 02:37:56 pm
AU Small Finance Bank and Fincare Small Finance Bank announce merger Financial Inclusion powerhouse in the making The Board of Directors of AU Small Finance Bank Ltd (“AU SFB”) and the Board of Directors of Fincare Small Finance Bank Ltd (“Fincare SFB”), at their respective meetings held yesterday, approved an all-stock merger of AU SFB and Fincare SFB. The scheme of amalgamation, under Section 44A of the Banking Regulation Act, 1949, is subject to the approval of shareholders of AU SFB and Fincare SFB respectively, Reserve Bank of India under the Banking Regulation Act and the...
AU Small Finance Bank and Fincare Small Finance Bank announce merger Financial Inclusion powerhouse in the making
AU Small Finance Bank and Fincare Small Finance Bank announce merger Financial Inclusion powerhouse in the making
Source: PR Agency
2023-10-31 12:15:08 pm
India`s AU Small Finance Bank to merge with Fincare - exchange notice India's AU Small Finance Bank will merge with Fincare Small Finance Bank, it said in an exchange notice late on Sunday. Shareholders of Fincare Small Finance Bank will receive 579 equity shares of AU Small Finance Bank for every 2,000 shares held as part of the merger agreement. After the merger, existing shareholders of Fincare will hold close to 9.9% in AU Small Finance Bank, an accompanying investor presentation said. The combined entity will have a balancesheet of 1.1 trillio...
India`s AU Small Finance Bank to merge with Fincare - exchange notice
India`s AU Small Finance Bank to merge with Fincare - exchange notice
Source: Reuters
2023-10-30 09:33:40 am
AU Small Finance Bank introduces Planet First - AU Green Fixed Deposit, with proceeds dedicated to green projects AU Small Finance Bank (AU SFB), India's largest SFB, proudly introduces its first Green Fixed Deposit (FD) called Planet First ? AU Green Fixed Deposit, purposefully designed to allocate its entire proceeds to support renewable and green projects including solar power, electric mobility solutions etc. AU SFB is in a unique position to contribute towards sustainable ?Badlaav? through gradually offering such retail products aligned with the guidance of regulator.The Green Deposi...
AU Small Finance Bank introduces Planet First - AU Green Fixed Deposit, with proceeds dedicated to green projects
AU Small Finance Bank introduces Planet First - AU Green Fixed Deposit, with proceeds dedicated to green projects
Source: PR Agency
2023-10-25 05:38:18 pm
AU Small Finance Bank & Kiara Advani ask `Soch Badlo aur Bank Bhi` extending the Badlaav Humse Hai brand campaign AU Small Finance Bank (AU SFB), India?s largest SFB and a name synonymous with innovative banking solutions and customer-centricity, expands its brand campaign, Badlaav Humse Hai, under a tactical theme of "Soch Badlo aur Bank Bhi". The campaign encompasses thought-provoking messaging across three distinct product themes - Savings Accounts, Current Accounts, and Video Banking for complete banking, each designed to empower customers with choice, convenience offered through technology...
AU Small Finance Bank & Kiara Advani ask `Soch Badlo aur Bank Bhi` extending the Badlaav Humse Hai brand campaign
AU Small Finance Bank & Kiara Advani ask `Soch Badlo aur Bank Bhi` extending the Badlaav Humse Hai brand campaign
Source: PR Agency
2023-10-18 11:28:58 am
AU Small Finance Bank inches up on logging 30% growth in total deposits during Q2FY24 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 a...
AU Small Finance Bank inches up on logging 30% growth in total deposits during Q2FY24
AU Small Finance Bank inches up on logging 30% growth in total deposits during Q2FY24
Source: Accord Fintech
2023-10-04 04:15:55 pm
AU Small Finance Bank rises on entering into bancassurance tie-up with Max Life AU Small Finance Bank is currently trading at Rs. 745.40, up by 3.60 points or 0.49% from its previous closing of Rs. 741.80 on the BSE.The scrip opened at Rs. 748.35 and has touched a high and low of Rs. 751.20 and Rs. 743.00 respectively. So far 2498 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. 763.25 an...
AU Small Finance Bank rises on entering into bancassurance tie-up with Max Life
AU Small Finance Bank rises on entering into bancassurance tie-up with Max Life
Source: Accord Fintech
2023-09-22 10:33:39am
AU Ignite marks its fifth year of accomplishment AU Small Finance Bank (AU SFB) celebrated the fifth anniversary of AU Ignite, their skills training academy under the CSR initiatives of AU SFB on Tuesday, September 19, 2023.Dr.Krishnakant Pathak, IAS, Rajasthan cadre graced the occasion as the Chief Guest. He is the Secretary for the Finance Revenue Department of Rajasthan Government.With the belief that developing skills of underprivileged youth is a key area of intervention and the intention of improving the living standards of the ...
AU Ignite marks its fifth year of accomplishment
AU Ignite marks its fifth year of accomplishment
Source: PR Agency
2023-09-20 04:29:26pm
AU Small Finance Bank shines on introducing `Swadesh Banking` AU Small Finance Bank is currently trading at Rs. 756.80, up by 28.00 points or 3.84% from its previous closing of Rs. 728.80 on the BSE.The scrip opened at Rs. 736.20 and has touched a high and low of Rs. 759.00 and Rs. 726.00 respectively. So far 78337 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. 759.00 ...
AU Small Finance Bank shines on introducing `Swadesh Banking`
AU Small Finance Bank shines on introducing `Swadesh Banking`
Source: Accord Fintech
2023-09-20 03:24:55pm