AU Small Finance Bank Ltd (AUBANK)

AU Small Finance Bank Reports FY 2024 Earnings - 26 Apr, 2024

AU Small Finance Bank reported a 22% increase in revenue to ₹64.6b and a 7.5% increase in net income to ₹15.3b for FY 2024, with an EPS of ₹22.98. However, the profit margin decreased from 27% to 24% due to higher expenses. The bank is forecasting a 24% p.a. growth in revenue over the next 3 years.

AU Small Finance Bank Shares Rise Following Q4 Results - 25 Apr, 2024

AU Small Finance Bank's Q4FY24 results show NII up 10.2%, PAT down 12.7%. Morgan Stanley maintains an overweight rating with a target of Rs. 850 per share. Motilal Oswal recommends buying with a target price of Rs. 735. ICICI Securities retains HOLD with revised TP of INR 630.

AU Small Finance Bank Reports Q4 Results - 24 Apr, 2024

AU Small Finance Bank's Q4 net profit declined 13% YoY to Rs. 371 crore due to a rise in provisions and merger-related expenses. RBI has notified guidelines for dealing in Rupee Interest Rate Derivative products by SFBs.

AU Small Finance Bank Launches New Products for Customers - 23 Apr, 2024

AU Small Finance Bank has launched an array of new financial products to enhance customer experience, including two innovative credit cards - the AU SPONT Rupay Credit Card and Secured Credit Card NOMO (No Missing Out) - alongside other digital offerings such as the AU 0101 Business App and enhanced mobile banking features.

Insider Selling Raises Concerns for AU Small Finance Bank - 20 Apr, 2024

Insiders at AU Small Finance Bank have sold more shares than they bought in the last year, with recent transactions suggesting a cause for concern. The biggest sale was by Manoj Tibrewal, who sold ₹39m worth of shares. In total, insiders sold 432.21k shares worth ₹316m and bought 11.06k shares worth ₹7.0m.

AU Small Finance Bank Ltd down 1.47% on BSE BANKEX index - 16 Apr, 2024

AU Small Finance Bank Ltd lost 1.47% to trade at Rs 622.55, while the S&P BSE BANKEX index is down 0.83%. The bank has added 7.64% over last one month compared to a 1.42% gain in the index.

Axis Securities Gives Buy Call on AU Small Finance Bank - 15 Apr, 2024

Axis Securities has given a buy call on AU Small Finance Bank with a target price of Rs 702. The bank reported a standalone total income of Rs 3185.51 crore for the quarter ended December 31, 2023, up 7.75% from the last quarter and up 32.02% from the same quarter last year. Net profit after tax was reported at Rs 375.25 crore in the latest quarter.

AU Small Finance Bank Shows Bullish Sentiment - 08 Apr, 2024

After experiencing a decline of about 32%, AU Small Finance Bank has shown significant recovery in the past two weeks and is currently trading near Rs 620 mark, indicating a bullish sentiment.

AU Small Finance Bank Outlook Turns Positive - 06 Apr, 2024

The short-term outlook for AU Small Finance Bank has turned positive with a conclusive close above ₹625, and a close above ₹725 could change the long-term outlook. The stock finds immediate support at ₹588. Option trading indicates that the stock could move in the ₹550-700 range.

AU Small Finance Bank Reports Strong Growth in Advances and Deposits - 04 Apr, 2024

AU Small Finance Bank's gross advances grew 25% YoY to Rs.73,999 crore, while total deposits rose 26% YoY to Rs.87,182 crore for Q4 FY24. Mutual funds increased their holdings in the bank to a record high of 14.53% in the same period.

AU Small Finance Bank Completes Merger with Fincare SFB - 02 Apr, 2024

AU Small Finance Bank successfully merged with Fincare Small Finance Bank in an all-stock deal, marking the first such consolidation in the sector. The bank's stock has risen for three consecutive sessions and currently trades at Rs 596.55, up 1.22% on the day. Former Fincare SFB CEO Rajeev Yadav has been appointed as deputy CEO of AU Small Finance Bank.

AU Small Finance Bank Merges with Fincare SFB - 01 Apr, 2024

AU Small Finance Bank has completed its merger with Fincare Small Finance Bank, making it the first such consolidation in the sector. The merger is expected to provide enhanced access to South India and significantly expand its distribution network, strengthening its market position in the region. With a combined base of about 10 million customers, 43,500 employees, and a network of 2,350 physical touchpoints across 25 states and union territories, the bank aims to deliver exceptional banking services and value to its customers.