Why AU Small Finance Bank is stock pick of the week

The Economic Times


AU Small Finance Bank anticipates 20-25% rise in asset base over three years, which will increase the balance sheet to Rs.2 lakh crore by 2026-27.

The small finance bank reported weak performance in the December 2023 quarter, with net earnings missing Reuters-Refinitiv consensus estimates by 8.9% due to elevated credit costs, higher slippages, high cost-to-income ratio and accelerated provisions. The subdued quarterly performance, coupled with pressures on asset quality and integration concerns about the merger (with Fincare Small Finance Bank), has dented the stock price performance. The


ET Bureau





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Harry Byrne

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