AU Small Finance Bank Ltd

PhonePe has introduced AA services following the receipt of RBI NBFC licence.

Partners NPCI’s RuPay for the Business Cashback credit card offering

Net interest income for Q4 was 30 per cent higher y-o-y

Among BSE 500 stocks, the significant gainers were AU Small Finance Bank (19.34 per cent), Godrej Properties (13.93 per cent), and IDBI Bank Ltd (11.02 per cent), with fundamental news flow during the week catalysing the upside for them.

Shareholders had approved his re-appointment for 4 years

ICICI Securities advises traders to benefit from risk-free opportunity

Kavita Venugopal has over 35 years of experience including leadership positions in various multinational banks and private sector banks

The gross NPA ratio of the bank improved to 1.81 per cent as of December from 1.90 per cent a quarter ago

The partnership will provide AU Small Finance Bank’s diverse customers access to ICICI Lombard’s portfolio and enhance penetration across India

Deposits were also up 49 per cent y-o-y on a low base, and up 7 per cent sequentially to ₹58,335 crore

As at September-end 2022, deposits and gross advances stood at Rs ₹58,335 crore and Rs ₹52,452 crore, respectively

Top picks are ICICI Bank, Axis Bank, BoB, AU Bank and Federal Bank