SMALL FINANCE BANK
Au Small Fin Bank shares rise 1.35% as Nifty gains
The stock quoted a 52-week high price of Rs 813.0 and a 52-week low of Rs 554.0.
Nifty Bank outperforms benchmark indices; strong support placed at 52,000: Experts
Led by gains in AU Small Finance Bank, SBI, Bandhan Bank, and The Federal Bank, the banking index rebounded from a dip to the 51,800 level, closing higher and signaling continued bullish sentiment despite selling pressure on HDFC Bank and ICICI Bank.
Au Small Fin Bank shares rise 0.15% as Nifty drops
The stock quoted a 52-week high price of Rs 813.0 and a 52-week low of Rs 554.0.
United Spirits, Axis Bank among 18 stocks to trade ex-dividend from Friday
Here's a concise synopsis: Dividends are distributed to shareholders whose names are listed in the company's records on the record date. With the T+1 framework, the record date and ex-date are usually identical, except when a market holiday falls after the ex-date.
Nifty Bank faces selling pressure at higher levels; support seen at 52,000-51,800: Experts
Axis Bank and Federal Bank ended the day with gains, whereas SBI, AU Small Finance Bank, Bank of Baroda, PNB, and Bandhan Bank experienced selling pressure. The banking index is currently trading near the critical support level of 52,000, suggesting a potential technical rebound. However, if the index closes below this key support, it could trigger additional selling pressure.
Nifty Bank bounces back, reclaims 52,500 levels; buy on dips, suggest experts
The Nifty Bank rose nearly 100 points to close at 52,517 while the Nifty50 hit fresh record highs above 24,400 levels. HDFC Bank, SBI, PNB and ICICI Bank closed with gains while selling was seen in AU Small Finance Bank, Kotak Bank, IDFC First Bank and Bandhan Bank.
AU Small Finance Bank shares tumble over 4% as total deposits decline QoQ
AU Small Finance Bank's shares declined by 4.25% to Rs 644 on the BSE following a slight 0.4% QoQ decrease in total deposits, totaling Rs 97,290 crore for Q1 ended June 2024. Conversely, CASA deposits rose by 1.8% QoQ, reaching Rs 32,034 crore in Q1 FY25 from Rs 31,456 crore in the previous quarter.
Ujjivan Small Finance Bank raises secured business share
Ujjivan Small Finance Bank expanded its secured loan portfolio to 31.5%, a 440 basis point increase over the past year, aiming for 40% in three years. The total loan portfolio grew 19% to ₹30,091 crore. Despite this growth, its gross NPA ratio slightly increased to 2.3%. Deposits rose 22% to ₹32,500 crore.
Equitas Small Finance Bank clocks 35% deposits growth, bucks sectoral trend
Equitas Small Finance Bank, with a priority sector focus, achieved a 35.4% year-on-year deposit growth to Rs 37524 crore by the end of June, surpassing the sectoral average of 12%. Advances increased 17.8% to Rs 34872 crore, although the CASA ratio fell to 31% due to faster term deposits growth. Provisional figures submitted to stock exchanges confirmed these results.
Nifty Bank hits record highs but pares gains to close flat above 53,000
The bank index saw a modest gain of 14 points, closing at 53,103, after hitting an intraday record high of 53,357. The Nifty50 also rose by 16 points, closing at 24,302. There was notable buying interest in Bank of Baroda, Kotak Bank, AU Small Finance Bank, and ICICI Bank. Conversely, selling pressure was observed in SBI, IndusInd Bank, Bandhan Bank, and HDFC Bank.
Au Small Fin Bank shares drop 0.5% as Sensex rises
On the technical charts, the RSI of the stock stood at 50.87.
Federal Bank leads in credit expansion among Kerala-based lenders
Federal Bank led in gross loan expansion with a 20% year-on-year increase to Rs 2.24 lakh crore by June's end. Meanwhile, CSB Bank recorded the highest deposit growth among Kerala-based lenders, marking a 22.4% rise to Rs 29,920 crore. Other banks like South Indian Bank also saw notable loan portfolio growth, with CSB Bank reporting a 17.8% increase to Rs 25,099 crore and South Indian Bank reaching Rs 82,510 crore, up 11.4%.
Stocks in news: Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star Health
Nifty surpasses 24,300 with bullish momentum. Key companies perform well: Bajaj Finance, Vedanta, L&T Finance. Hindustan Zinc focuses on silver production growth. Indiabulls Housing Finance rebrands to Sammaan Capital. Star Health targets doubling Gross Written Premium.
Federal Bank leads in loan expansion among Kerala banks in Q1
Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25,099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82,510 crore.
Au Small Fin Bank shares gain 0.67% as Sensex rises
A total of 13,452 shares changed hands on the counter till 11:16AM (IST)
ESAF Small Finance Bank creates micro banking vertical with 5,200 staff
ESAF Small Finance Bank has absorbed 5,200 employees from ESAF Swasraya Multi-State Agro Co-operative Society Ltd (ESMACO) as part of a strategic business restructuring. The bank will now directly manage the microloan portfolio, which was previously managed by ESMACO through banking outlets. The micro banking vertical will primarily serve the needs of the rural population through micro-loans, agriculture loans, vehicle loans, and home loans.
Au Small Fin Bank shares gain 0.9% as Sensex rises
A total of 14,154 shares changed hands on the counter till 11:06AM (IST)
Add Ujjivan Small Finance Bank, target price Rs 57: Kotak Institutional Equities
Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 8853.42 Crore).
Short-term headwind, long-term opportunities for investors: 4 small finance banks with upside potential of up to 35%
The increase in credit costs has been an issue which has been bothering banks, some more, some less. Even the chairman of India’s largest bank had to come out and give a statement regarding it. However the question arises when these headwinds which are periodic in nature and part of the business cycle hits any sector what should be done. Should one move out of the sector? Should one continue to stay invested or should one buy more of the stock of that sector. The answer is dependent on one simple factor which is how large is the opportunity which that sector has. If the answer is that the opportunity is very large, then probably, it is the second and third option which one may look at. Probably in case of small finance banks, which are today reeling under the pressure due to guidance by one bank fit the bill. These banks are no stranger to dealing with challenges since the time they were born. Challenges thrown by regulatory tightening and economic cycles.
Load More
