AU Small Finance hits 5% lower circuit for 2nd straight day post Q4 results

The bank reported subdued earnings dented by higher provisions toward special mention accounts (SMA) accounts

Shares of AU Small Finance Bank were locked in the 5 per cent lower circuit band for the second straight day, at Rs 491, on the BSE on Tuesday after the lender reported subdued earnings owing to the higher provisions created toward special mention accounts (SMA) accounts.

Till 09:51 am, around 60,000 shares have changed hands on the counter on the NSE and BSE, and there were pending sell orders for 750,000 shares. In comparison, the S&P BSE Sensex was up 1 per cent at 32,054 levels.

The stock of the private sector lender has skid 10 per cent in the past