Page 5 - Au Small Finance Bank

AU SFB launches QIP to raise Rs 2.5k cr; sets floor price at Rs 590.8/share

AU Small Finance Bank on Wednesday opened its qualified institutional placement (QIP) to raise up to Rs 2,500 crore, setting the floor price for the issue at Rs 590.84 per share. The decision was taken at a meeting of the bank's capital raising committee. On April 29, 2021, AU Small Finance Bank had announced its plan to raise up to Rs 2,500 crore by issuing equity shares through a QIP. The floor price set for the QIP is lower than the stock's closing price of Rs 609.35 on BSE on Wednesday. "Further, we would like to inform you that a meeting of the capital raising committee of the bank is scheduled to be held on August 8, 2022 to consider and determine the issue price of equity shares to be issued...including a discount on the floor price, if any," AU SFB said in a regulatory filing. Separately, the company said its promoter and MD and CEO Sanjay Agarwal intends to sell up to 75 lakh equity shares of the bank, subject to requisite approvals. "I along with members of promoter gro

AU Small Finance Bank Q1 net up 32% YoY to Rs 268 cr, down 23% sequentially

Improvement in NII, even as trading losses weigh on profitability

RIL, banks lift Sensex 246 pts, Nifty tops 16,300; Rupee ends at 79.95/$

CLOSING BELL: The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India

AU Small Finance Bank's loans grow 42 % YoY in Q1 on positive sentiment

AU SFB said that the retail-to-wholesale loan ratio stood at about 90:10 as of June 2022, versus around 88:12 as of March 31, 2022

Private bank shares under pressure; AU SFB, Bandhan, RBL Bank tank up to 9%

As of 10:09 am, the S&P BSE Private Bank and Nifty Private Bank index were down 1 per cent each, as compared to 0.6 per cent decline on the benchmarks, S&P BSE Sensex and Nifty50 index.

AU Small Finance Bank to invest over Rs 500 cr for IT, digital makeover

Sanjay Agarwal, managing director and chief executive, said the lender was in a growth phase and is spending to achieve digital ambitions

AU Small Finance Bank, Tata Elxsi and Adani Power soar on MSCI foray

From the Asia Pacific region, MSCI has added 48 stocks and deleted 76, with the most changes in China

AU SFB shares jump 6% after MSCI includes stock in global indices

Four domestic stocks added, one excluded from MSCI Standard index

AU Small Finance Bank looking at 30% asset growth for five years

AU Small Finance Bank plans to raise fresh equity capital in the current financial year depending on market conditions.

AU Small Finance Bank Q4 net doubles to Rs 346 cr on better margins

Net Interest Margin improves to 6.3% from 5.7% a year ago; NPAs decline at gross and net levels

Indices fall for 5th day; Sensex cracks 703 pts, Nifty gives up 17,000

CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)

AU Small Finance Bank gains 4%, hits record high on bonus issue plan

The board of directors of the bank shall meet early next week to consider the proposal for issuance of bonus shares.

AU Small Finance Bank hits record high; surges 35% in one month

In the past three days, AU SFB has gained 10 per cent after it posted a strong set of financial numbers for the quarter ended December 2021.

AU Small Finance Bank net profit up 68% on strong expansion in NII

AU Small Finance Bank's net profit rose 68 per cent year-on-year (YoY) to Rs 302 crore in the third quarter of FY22

AU Small Finance Bank's net profit soars 68% to Rs 302 cr in Dec quarter

The Jaipur-based AU Small Finance Bank on Friday said strong loan sales and better asset quality have helped it post a strong set of financial numbers

AU Bank rallies 24% in 6 days on strong Q3 update; stock hits 10-week high

In the last six trading days, the market price of AU SFB has appreciated by 24 per cent.

AU Small Finance Bank rallies 8% on post Q3 business update

The private sector lender reported a sequential growth of 10.6 per cent and 26.5 per cent YoY in total assets under management to Rs 42,027 crore in December quarter

AU Small Finance Bank inducts ex-RBI deputy governor H R Khan on its board

The appointment is for a period of three years subject to the approval of shareholders

Two-thirds of the bank is run from Mumbai, says AU SFB's Sanjay Agarwal

AU SFB MD & CEO Sanjay Agarwal says some clean up is expected in the third and fourth quarters, which will help in reducing NPAs

AU Small Finance Bank Q2 net profit falls to Rs 279 crore

AU Small Finance Bank on Thursday reported 13 per cent decline in net profit at Rs 279 crore for September quarter 2021-22 due to rise in bad loans. The lender had posted a net profit of Rs 322 crore for the year-ago period. However, the bank said the net profit was up 42 per cent year-on-year after excluding the profit earned from stake sale in Aavas Financiers. There was a gain of Rs 144 crore due to stake sale in Aavas in second quarter of 2020-21 and overall gain was of Rs 172 crore in first half of that fiscal year. Total income rose to Rs 1,595.65 crore during the quarter under review as against Rs 1,473.45 crore in the same period of 2020-21, AU Small Finance Bank said in a regulatory filing. Net income rose 15 per cent to Rs 944 crore while net interest income grew 34 per cent to Rs 753 crore. The bank's other income also moved up by 64 per cent to Rs 191 crore. However, employee cost too went up by 46 per cent to Rs 327 crore during the quarter. Gross bad loans or ...