
AU Small Finance Bank tanks 8% amid merger announcement with Fincare SFB
Post the amalgamation, existing shareholders of Fincare SFB will hold a 9.9% stake in AU Small Finance Bank
Post the amalgamation, existing shareholders of Fincare SFB will hold a 9.9% stake in AU Small Finance Bank
Sharp focus on growth helps AU Small Finance Bank report stellar numbers.
Return on assets impressive despite higher cost of funds vis-a-vis private and public peers.
In the end, consistency across parameters emerges as the hallmark of the best in the business.
A long history in lending, improving asset quality, attractive return ratios and focus on digital help AU Small Finance Bank lead the pack.
Dalal Street headed for a negative start on Wednesday, following weak cues from Asian peers as market participants remained concerned about the Omicron variant of Covid-19.