AU Small Fin Bank hits 10% lower circuit for third day; tanks 59% in 1 mth

The financial sector would be the most impacted across parameters - slowing demand, rising yields and increasing delinquencies, due to a series of lockdowns and shutdowns, analysts said.

Shares of AU Small Finance Bank (SFB) were locked in the lower circuit for the third straight day, down 10 per cent at Rs 474, on the BSE on Wednesday on expectation that the bank's growth may take a knock due to rise in bad loans amid coronavirus (Covid-19) outbreak.

Till 11:54 am, a combined 853,794 shares have changed hands on the NSE and BSE, and there were pending sell orders for 29,321 shares, exchange data shows.

The stock of the private sector lender was trading at its lowest level since its listing in July 2017. In the past one