AU Small Finance Bank Ltd
AU Small Finance Bank Ltd (AUBANK)

AU Small Finance Bank Ltd (AUBANK)

₹644.350.13%

Key Stats

₹642
Day's Price Range
₹659.6
₹462.5
52-Week Price Range
₹732.98
1 Month Return11.81 %
3 Month Return4.13 %
1 Year Return-1.06 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

EPS
Rank 26
BVPS
Rank 21
₹69.92
Dividend Yield
Rank 13
ROE
Rank 5
21.98%
Price To Book Ratio
9.29
Debt To Asset
Rank 17

Company Information

AU Small Finance Bank Limited was originally incorporated as L.N. Finco Gems Private Limited on 10 January 1996 as a private limited company under the Companies Act 1956 with the RoC. In year 2000 the company received certificate of registration under section 45 I A of RBI Act from the RBI to carry on the business of nonbanking financial institution without accepting public deposits.Pursuant to the change of name of the company to Au Financiers India Private Limited to reflect the diversified finance business a fresh certificate of incorporation was issued by the RoC on May 24 2005. In 2005 the company became commercial associate of HDFC Bank for carrying on the business of financing commercial vehicles. In 2006 the company expanded its operations into Maharashtra. In 2008 the company obtained investment of Rs 20 crore from India Business Excellence Fund and India Business Excellence Fund1. In 2009 the company forayed into Gujarat.In 2010 the company received fresh certificate of registration under section 45 IA of RBI Act from the RBI pursuant to which RBI classified the company as NBFC NDAFC. During the year the company obtained investment of Rs 35 crore Rs 6 crore and Rs 14 crore from IFC IBE Fund and IBE FundI respectively. Also during the year the company attained the status of Systemically Important NonDeposit Taking Asset Finance Company.In 2011 AuHFL was established as a subsidiary of the company to provide housing finance services. In 2012 the company obtained investment of Rs 150 crore and Rs 33.04 crore from Redwood and IFC respectively. During the year the company received upgrade of credit rating from CRISIL BBB / Stable to CRISIL A / Stable for long term bank facilities by CRISIL Ratings. During the year Au Insurance Broking Services Private Limited was established as a subsidiary of the company to provide insurance and broking services.The company was converted into a public limited company by way of a special resolution passed by Shareholders at the EGM held on January 10 2013 and the name of the company was changed to Au Financiers India Limited. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the RoC on 11 January 2013. The company was granted the inprinciple approval to establish a Small Finance Bank SFB by the RBI pursuant to its letter dated 7 October 2015. During the year 2015 the company received upgrade of credit rating to CARE A for longterm banking facilities by CARE Ratings.During the year 2016 the company received upgrade in longterm rating of CRISIL A/ Watch Positive by CRISIL Ratings. Pursuant to RBI approval dated April 6 2016 the company divested its shareholding in AuHFL which was erstwhile subsidiary company. Pursuant to RBI approval dated May 18 2016 the company divested its entire shareholding in IML. Pursuant to RBI approval dated September 6 2016 the company divested 29.53 of the total shareholding of M Power Micro Finance Private Limited. The company divested its entire shareholding in Au Insurance Broking Services Private Limited AuIBSPL erstwhile associate company. The RBI granted the final approval to the company to establish an SFB by its letter dated 20 December 2016The name of company was changed to AU Small Finance Bank Limited and a fresh certificate of incorporation was issued by the RoC on 13 April 2017. The company commenced operations as a Small Finance Bank in April 2017.AU Banks IPO received an overwhelming response in June 2017 with an oversubscription of about 54 times.On 4 October 2017 AU Small Finance Bank announced that it entered into agreement with Aditya Birla Health Insurance Company ABHICL for Health Insurance Products as Corporate Agent.On 28 October 2017 AU Small Finance Bank announced that it has signed a Memorandum of Understanding MOU with Small Industries Development Bank of India SIDBI to provide an impetus to funding MSMEs. Under AU SIDBI Joint Financing Programme both the financial institutes have decided to work together in the areas of joint financing of projects relating to MSMEs in manufacturing and service sectors. They will adopt a common approach towards project identification appraisal monitoring followup and client servicing. The appraisal of the proposal shall be done jointly by AU Bank and SIDBI. Both the financial institutes would earmark a corpus of Rs 100 crore for lending under this MOU for FY 2018. The corpus for the subsequent years would be decided after mutual consultation and seeing the progress made during FY 2018. The 3 yearlong agreement will focus on timely and adequate credit availability to Medium Scale Enterprise MSEs units and efforts will be made for augmenting credit flow to MSE.AU Small Finance Bank received Scheduled Commercial bank status from the Reserve Bank of India RBI in November 2017. On 3 November 2017 AU Small Finance Bank announced that the Reserve Bank of India has granted approval to SBI Mutual Fund to acquire shareholding of upto 10 through its various schemes in AU Small Finance Bank.On 28 November 2017 AU Small Finance Bank announced that it has commenced offering mutual fund distribution for its customers. The bank has partnered with 11 reputed mutual fund houses AMC for starting this product segment. On 19 December 2017 AU Small Finance Bank announced that it has entered into the Business Correspondent Agreement with M/S Sahaj EVillage Limited for providing bank and financial services through the use of Business Correspondent model. On 12 January 2018 AU Small Finance Bank announced the launch of home loan product for its customers. AU Small Finance Bank opened 71 new unbanked rural banking outlets in March 2018.On 6 March 2018 AU Small Finance Bank announced that the bank has tied up with Aurionpro Solutions to enhance its digital banking offering corporate internet banking and cash anagement platform for SME MSMEs and corporate customers.On 3 April 2018 AU Small Finance Bank announced that it has entered into agreement with Future Generali India Life Insurance Company Limited FGLI to act as corporate agent for life insurance business. This tie up shall be mutually beneficial for the bank and FGLI in terms of business market penetration and reach.The Board of Directors of AU Small Finance Bank at its meeting held on 19 May 2018 approved issuance of 43.30 lakh fully paidup equity shares of the bank and issuance of 1.01 crore convertible warrants carrying an option to subscribe to an equivalent number of equity shares on preferential basis to Camas Investments Pte Ltd. an indirect wholly owned subsidiary of Temasek Holdings Private Limited at total subscription amount of Rs 1000 crore. The entire consideration payable for the issuance of equity shares shall become payable on or before the date of allotment of equity shares. An amount equivalent to at least 25 of the subscription consideration payable towards convertible warrants shall become payable on or before the date of allotment of the convertible warrants and the balance 75 of the subscription consideration payable towards convertible warrants shall be paid at the time of exercise of the convertible warrants by Camas Investments Pte. Ltd. Under the preferential allotment the issue price of equity shares is Rs 692.77 per share and the issue price of the convertible warrant is Rs 692.77 per convertible warrant. Camas Investments shall be entitled to exercise any or all of the convertible warrants in one or multiple tranches within 18 months from the date of allotment of convertible warrants.On 30 May 2018 AU Small Finance Bank announced that it has been issued Certificate of Registration under Securities Exchange Board of India Bankers to an issue Regulations 1994 by Securities Exchange Board of India.During FY 201819 the Banks disbursement rose to Rs 16077 crore as against Rs 10825 crore in FY 201718 registering an increase of 49.As on 31st March 2019the Banks distribution network stood at 322 Branches 83 Asset Centres 86 Banking Outlets BOs and 67 Business Correspondents BCs 14 Offices and 543 ATMs spread across 11 States and Union Territory.The assets under management AUM increased to Rs 24246 crore as at 31st March 2019 from Rs 16188 crore as at 31st March 2018 up by 50.The total net advances grew 71.4 to Rs 22819 crore from Rs 13312 crore.During the FY2019the bank has issued 4330441 equity shares of Rs 10 each at a premium of Rs 682.77 per share to Camas Investments Pte. Ltd through preferential allotment.During the FY2020the Assets Under Management AUM to Rs 30893 crore as against Rs 24246 crore in March 2019registering a growth of 27.The bank clocked 10 and 35 sequential and annual growth in its aggregate deposits which stood at the Rs 26164 crore mark on 31st March 2020. As at 31 March 2020 the Bank has reported total gross advances of Rs 27233 crore as against Rs 22994 crore in the previous year.As on 31st March 2020 the bank had 647 touchpoints which comprised 406 bank branches 122 banking outlets 88 business correspondents 31 asset centers 13 offices and 356 ATMs including TATA Indicash ATMs across 11 states and one Union Territory.The bank raised Rs 625.5 crore primary equity through the QIP route in March 2021. The issue was for 50 lakh equity shares and received strong reception from both domestic and international institutional investors.The Bank has its presence in 15 states 2 UTs having total 744 touch points 552 bank branches 177 BCBOs 15 BCs and 343 ATMs as on 31st March 2021.During the FY2021the Assets Under Management AUM of the Bank increased by 22 to Rs 37712 crore as on 31st March 2021 as against Rs 30893 crore as on 31st March 2020 primarily driven by growth in the retail assets under management.
OrganisationAU Small Finance Bank Ltd
HeadquartersJaipur
IndustryBanks