UTKARSH 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.
In equity's Indian summer, IPOs and investors make hay in 2024
The IPO market in 2024 has seen strong investor interest with 38 companies listing at an average gain of 25%. While some stocks like Jyoti CNC Automation and Exicom Tele-Systems have surged 100-300%, others are trading below offer price. Major IPOs from Bharti Hexacom and Aadhar Housing Finance have performed well.
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.
F&O Talk | Caution suggested amid record highs, focus on value opportunities: Sahaj Agarwal of Kotak Securities
The Indian equity market witnessed a positive week as both the Nifty 50 and Bank Nifty indices ended in the green. The Nifty 50 gained 1.3% to close at 24,323, while the Bank Nifty rallied 0.61% to settle at 52,660.
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.
Au Small Fin Bank shares drop 0.5% as Sensex rises
On the technical charts, the RSI of the stock stood at 50.87.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
Flipkart launches beta version of its new fintech venture, Super.Money
Ecommerce major Flipkart launched a beta version of their financial app, Super .Money, on the Google Play Store. This app aims to be a one-stop shop for digital financial needs, offering features like payments, credit, and deposits.
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.
Earn FD interest rate up to 9.50%: Which bank is offering the highest fixed deposit rates for senior citizens?
Earn FD interest rate up to 9.50%: Banks offer higher interest rates to senior citizen customers on fixed deposits than to general citizens.
MoD inks MoUs with 4 banks to onboard them as SPARSH service centres across 1,128 branches
The Defence Accounts Department (DAD) of the Ministry of Defence has signed MoUs with Bank of India, Canara Bank, Central Bank of India, and Utkarsh Small Finance Bank to onboard 1,128 branches as SPARSH service centres. SPARSH (System for Pension Administration (RAKSHA)) is a web-based system for direct pension processing. These centres will assist pensioners in remote areas with services like profile updates, grievance registration, and digital identification. SPARSH services are now accessible at over 26,000 branches of 15 banks, enhancing pension management efficiency and transparency.
FD interest rate up to 9.1% in May 2024: These 7 banks have revised fixed deposit rates in May
Many banks have revised their fixed deposit interest rate in the month of May. These banks include SBI, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, Capital Bank Small Finance Bank.
These 11 bank stocks can give more than 23% returns in one year
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FD interest rate of up to 9.1%: These four banks have revised fixed deposit interest rates in May 2024
In May 2024, many banks, including Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank, and Capital Small Finance Bank, revised their fixed deposit interest rates. Here is a list of banks and their revised FD rates in May, with the highest interest rates and tenures.
FD rates revised: This bank offers up to 9.10% FD interest to senior citizens, 8.5% rate to others
Utkarsh Small Finance Bank has revised the interest rate on fixed deposits (FDs). The revised fixed deposit interest rate will be effective from May 1, 2024. The updated rates apply to both new fixed deposits and renewals.
Buy Utkarsh Small Finance Bank, target price Rs 70: ICICI Securities
Utkarsh Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 6430.24 Crore).
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