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AU Small Finance Bank gets RBI's 'in-principle' approval to become a universal bank
AU Small Finance Bank gets RBI's 'in-principle' approval to become a universal bank

Time of India

time07-08-2025

  • Business
  • Time of India

AU Small Finance Bank gets RBI's 'in-principle' approval to become a universal bank

The Reserve Bank on Thursday announced that it has granted 'in-principle' approval to AU Small Finance Bank Limited (AUSFB) for transitioning from a Small Finance Bank (SFB) to a Universal Bank . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kate Garraway's Husband Leaves Behind A Fortune That Makes His Cry. Weight Loss Groove Undo AU Small Finance Bank reported a 16% year-on-year rise in first quarter net profit backed by higher treasury earnings offsetting the adverse impact of asset quality stress. Net profit stood at Rs 581 crore as compared with Rs 503 crore in the year-ago period. The bank's net interest margin for the quarter dipped 38 basis points to 5.4%.

Citi Keeps Their Hold Rating on AU Small Finance Bank Limited (AUBANK)
Citi Keeps Their Hold Rating on AU Small Finance Bank Limited (AUBANK)

Business Insider

time28-06-2025

  • Business
  • Business Insider

Citi Keeps Their Hold Rating on AU Small Finance Bank Limited (AUBANK)

In a report released yesterday, Kunal Shah CFA from Citi maintained a Hold rating on AU Small Finance Bank Limited (AUBANK – Research Report), with a price target of INR873.00. The company's shares closed yesterday at INR809.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Shah CFA covers the Financial sector, focusing on stocks such as Axis Bank Limited, AU Small Finance Bank Limited, and Bank of Baroda. According to TipRanks, Shah CFA has an average return of 7.6% and a 74.07% success rate on recommended stocks. Currently, the analyst consensus on AU Small Finance Bank Limited is a Hold with an average price target of INR657.50.

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