AU Small Finance Bank slips 8% on asset quality concerns

The announcement of a lockdown in a few states can have some impact on the lender's collection efficiency and the demand outlook, and thus would be a key monitorable

Shares of AU Small Finance Bank slipped 8 per cent to Rs 927.10 on the BSE in intra-day trade on Monday on assets quality concerns as the bank's gross non-performing assets (GNPA) ratio increased to 4.3 per cent in March 2021 quarter (Q4FY21), against pro forma GNPA ratio of 3.3 per cent in December 2020 quarter (Q3FY21).  The announcement of a lockdown in a few states can have some impact on collection efficiency and the demand outlook, and thus would be a key monitorable.

The stock was trading lower for the third straight day, falling 19 per cent during