Page 6 - Au Small Finance Bank

AU SFB, NABARD ink MoU for development initiatives in Rajasthan

AU Small Finance Bank (SFB) on Wednesday said it has inked an MoU with NABARD for rural development initiatives in Rajasthan

Stocks to watch: SBI Card, Adani Ports, Cadila Healthcare, HCL Tech, AU SFB

IT company AGC Networks on Monday said its board has approved the appointment of Essar Group's Anshuman Ruia as executive director of the company

Pink city blues for AU Small Finance Bank

Analysts are now questioning the lender's hiring policy following the high level of exits

Top-level exits: AU SFB says 'nothing to hide' on disclosure issues

Jaipur-based AU Small Finance Bank (AU Bank) on Wednesday tried to allay concerns of investors and depositors with regard to top-level resignations in recent months, saying that it is a "simple HR issue" that the company management is trying to resolve. Concerns were raised over transparency issues as there has been a lag on part of the bank to make disclosure about the top-level resignations. In an early morning investor call, MD & CEO Sanjay Agarwal said the bank has "nothing to hide" and there is nothing on the "governance issue", and rather it was a simple HR issue that the management of the company is trying to resolve. On Tuesday, the bank had said that its Chief Audit Officer Sumit Dhir has expressed his desire to move back to his hometown Delhi, due to changes in his personal circumstances following the COVID second wave. Shares of the company witnessed a sharp decline of 12.64 per cent on Tuesday even as the broader market ended with significant gains. Shares of AU Bank .

Top headlines: Aug GST collection Rs 1.12 trn; AU SFB clears air on exits

Business Standard brings you the top stories this evening

AU Small Finance Bank jumps 7% as firm clarifies on recent managerial exits

The management clarified on the recent exits in the bank, including on the resignation of internal audit head, Sumit Dhir, saying he resigned following personal reasons

Shares of AU SFB come under pressure amid top-level resignations

Shares of Jaipur-based private lender tumbled on Tuesday in a rising market, following early morning reports of another top-level exit from the bank, that of Sumit Dhir, its head of Internal Audit

Small finance banks suffer net loss in June quarter as provisions surge

SFBs - AU, Ujjivan, Equitas, and Suryoday - reported a combined net loss of Rs 66 crore in the June quarter of financial year 2021-22

AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO

Lender has rolled out platform to provide customers with a full-suite of digital banking services, including face-to-face interaction with a banker over video call

AU Small Finance Bank profit flat at Rs 203 cr; net interest income up 40%

While provisions remained flat YoY at Rs 451 crore, sequentially, it went up by 21 per cent

AU Small Finance rallies 11% as GNPAs remain stable in Q1 despite lockdown

The bank's absolute GNPA in April-June quarter (Q1FY22) was broadly stable QoQ as net additions (slippages, net of recoveries and upgrades) to GNPA declined by Rs 8 crore

RBI relief measures may cushion NPA blow from second Covid wave: Analysts

Analysts see the RBI's announcements to be sentimentally positive for the banking sector even as Covid-19 situation remains dynamic

SBI, Equitas SFB: How to trade bank stocks post latest RBI announcements

The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers

Equitas, Ujjivan, AU Small Finance Bank gain as RBI announces loan relief

The RBI announced a special long-term repo operation window for SFBs, whereby the banks can borrow funds up to Rs 10,000 crore at repo rate for deploying for fresh loans SFBs

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

Asset quality, second Covid-19 wave concerns weigh on AU SFB stock

Gross NPA ratio spiked to 4.25 per cent in March quarter from 1.68 per cent a year ago

Asset quality, second Covid wave concerns weigh on AU Small Fin Bank stock

The gross non-performing assets (NPAs) spiked to 4.25 per cent of gross advances as of March 31, 2021, from 1.68 per cent in the same period last year

AU SFB has to pass asset quality test after raising funds: Analysts

The stock has corrected by about 12 per cent after touching a high of Rs 1,315 a share on March 9

Stocks to watch: Tata Comm, Adani Ports, AU Small Fin, Nippon Life India

The board of IndiGrid Investment Managers will meet on Tuesday to decide on a proposal related to raising Rs 1,500 crore through a rights issue

Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump

Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).