Latest news with #AUBank
Economic Times
21-07-2025
- Business
- Economic Times
AU Small Finance Bank shares slump 7% after Q1 margins shrink
Shares of AU Small Finance Bank fell as much as 7.3% on Monday to Rs 736.95 on the BSE after the lender reported a mixed set of earnings for the June quarter, with shrinking margins and deteriorating asset quality overshadowing a 16% rise in net profit. ADVERTISEMENT Net profit rose to Rs 581 crore for the April–June quarter, up from Rs 503 crore a year ago, driven by strong treasury gains. However, the bank's core lending performance showed strain, with net interest margin (NIM) narrowing by 38 basis points to 5.4%. 'Net interest margins have started to shrink as banks began to transmit the rate cuts,' the bank said in a stock exchange filing. Net interest income (NII), a key measure of a bank's profitability, grew 6% year-on-year to Rs 2,045 crore from Rs 1,921 quality weakened during the quarter, with the gross non-performing assets (GNPA) ratio rising to 2.47% from 1.78% a year earlier. This led to a sharp increase in provisions, which surged to Rs 533 crore from Rs 283 crore in the year-ago pressure on margins, the bank reported a robust 38% growth in pre-provision operating profit at Rs 1,312 crore compared to Rs 952 crore a year earlier. This was supported by a 59% jump in other income, which stood at Rs 811 crore. The bank booked Rs 289 crore in treasury gains during the quarter, significantly higher than Rs 40 crore in the same period last year. ADVERTISEMENT AU Bank's gross loan portfolio expanded 18% year-on-year to Rs 1.18 lakh crore, even as its unsecured segments, comprising microfinance and credit cards, saw a 23% decline. Total deposits grew 31% over the same period to Rs 1.28 lakh crore. ADVERTISEMENT Shares of AU Small Finance Bank have gained 3.9% so far in 2025. The stock is up 7.6% in the past six months, and over 1% in the last 12 months, though it has slipped 1% in the last the stock is trading below its 5-day, 10-day, 20-day, and 30-day simple moving averages, while holding above its 50-day, 100-day, 150-day, and 200-day SMAs. The Relative Strength Index (RSI) at 50.1 indicates neutral momentum. The Moving Average Convergence Divergence (MACD) is at 10.9, above the center line but below the signal line. ADVERTISEMENT Also read | RBL Bank Q1 Results: Net profit falls 46% YoY to Rs 200 crore; NII down 13% (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
21-07-2025
- Business
- Time of India
AU Small Finance Bank shares slump 7% after Q1 margins shrink
Shares of AU Small Finance Bank fell as much as 7.3% on Monday to Rs 736.95 on the BSE after the lender reported a mixed set of earnings for the June quarter, with shrinking margins and deteriorating asset quality overshadowing a 16% rise in net profit. Net profit rose to Rs 581 crore for the April–June quarter, up from Rs 503 crore a year ago, driven by strong treasury gains. However, the bank's core lending performance showed strain, with net interest margin (NIM) narrowing by 38 basis points to 5.4%. Explore courses from Top Institutes in Select a Course Category Technology Cybersecurity Data Analytics MBA Project Management healthcare Data Science Finance Operations Management Management others Data Science Digital Marketing PGDM CXO Product Management Healthcare Degree Others Public Policy Design Thinking MCA Leadership Artificial Intelligence Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details 'Net interest margins have started to shrink as banks began to transmit the rate cuts,' the bank said in a stock exchange filing. Net interest income (NII), a key measure of a bank's profitability, grew 6% year-on-year to Rs 2,045 crore from Rs 1,921 crore. Asset quality weakened during the quarter, with the gross non-performing assets (GNPA) ratio rising to 2.47% from 1.78% a year earlier. This led to a sharp increase in provisions, which surged to Rs 533 crore from Rs 283 crore in the year-ago period. Despite pressure on margins, the bank reported a robust 38% growth in pre-provision operating profit at Rs 1,312 crore compared to Rs 952 crore a year earlier. This was supported by a 59% jump in other income, which stood at Rs 811 crore. The bank booked Rs 289 crore in treasury gains during the quarter, significantly higher than Rs 40 crore in the same period last year. AU Bank's gross loan portfolio expanded 18% year-on-year to Rs 1.18 lakh crore, even as its unsecured segments, comprising microfinance and credit cards, saw a 23% decline. Total deposits grew 31% over the same period to Rs 1.28 lakh crore. Stock performance and technical indicators Shares of AU Small Finance Bank have gained 3.9% so far in 2025. The stock is up 7.6% in the past six months, and over 1% in the last 12 months, though it has slipped 1% in the last month. Technically, the stock is trading below its 5-day, 10-day, 20-day, and 30-day simple moving averages, while holding above its 50-day, 100-day, 150-day, and 200-day SMAs. The Relative Strength Index (RSI) at 50.1 indicates neutral momentum. The Moving Average Convergence Divergence (MACD) is at 10.9, above the center line but below the signal line. Also read | RBL Bank Q1 Results: Net profit falls 46% YoY to Rs 200 crore; NII down 13% ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
19-06-2025
- Business
- Business Standard
Builder Samir Bhojwani's Bandra Office Tower Purchased by AU Small Finance Bank for Corporate Office
SMPL New Delhi [India], June 19: In a city where Grade-A commercial properties are increasingly hard to come by, AU Small Finance Bank has purchased a standalone office tower, 'Vishwas' located just off the Western Express Highway in Bandra East. The transaction, pegged at a reported ₹371 crore is a strong vote of confidence in Mumbai's commercial real estate sector. The Tower 'Vishwas' stands out not only for its strategic location near the financial nucleus of BKC but also for its premium-grade design and infrastructure. Builder Samir Bhojwani is well known for his prime residential properties located across the city in Bandra, South Mumbai and Juhu. With BKC now firmly established as Mumbai's financial hub, the scarcity of ready-to-move-in, high-spec inventory has made assets like Vishwas increasingly rare. The tower will now serve as the new Corporate Headquarters for AU Bank, placing the institution at the heart of the city's financial pulse. Spanning 11 levels with two basements and 98 car parkings,, the tower provides more than 74,000 sq. ft. of Grade-A office space. A grand double-height entrance lobby, premium finish, and architecture designed by renowned architect Hafeez Contractor further elevate its stature. Its proximity to Vidyanagari Metro Station, The Grand Hyatt, Asian Heart Hospital, and top-tier schools such as Ascend International makes it an address that merges connectivity with corporate convenience. What also makes the deal noteworthy is the shift in the nature of Mumbai's real estate transactions, moving from leased offices to outright commercial purchases by financial institutions. For builder Samir Bhojwani this transaction cements his position among the select few developers who deliver Grade-A commercial real estate projects in the city. Further, this property deal sets a benchmark for capital values in the Bandra-BKC belt and highlights a growing appetite for quality, long-term commercial assets in India's most dynamic business city.
India Gazette
19-06-2025
- Business
- India Gazette
Builder Samir Bhojwani's Bandra Office Tower Purchased by AU Small Finance Bank for Corporate Office
SMPL New Delhi [India], June 19: In a city where Grade-A commercial properties are increasingly hard to come by, AU Small Finance Bank has purchased a standalone office tower, 'Vishwas' located just off the Western Express Highway in Bandra East. The transaction, pegged at a reported 371 crore is a strong vote of confidence in Mumbai's commercial real estate sector. The Tower 'Vishwas' stands out not only for its strategic location near the financial nucleus of BKC but also for its premium-grade design and infrastructure. Builder Samir Bhojwani is well known for his prime residential properties located across the city in Bandra, South Mumbai and Juhu. With BKC now firmly established as Mumbai's financial hub, the scarcity of ready-to-move-in, high-spec inventory has made assets like Vishwas increasingly rare. The tower will now serve as the new Corporate Headquarters for AU Bank, placing the institution at the heart of the city's financial pulse. Spanning 11 levels with two basements and 98 car parkings,, the tower provides more than 74,000 sq. ft. of Grade-A office space. A grand double-height entrance lobby, premium finish, and architecture designed by renowned architect Hafeez Contractor further elevate its stature. Its proximity to Vidyanagari Metro Station, The Grand Hyatt, Asian Heart Hospital, and top-tier schools such as Ascend International makes it an address that merges connectivity with corporate convenience. What also makes the deal noteworthy is the shift in the nature of Mumbai's real estate transactions, moving from leased offices to outright commercial purchases by financial institutions. For builder Samir Bhojwani this transaction cements his position among the select few developers who deliver Grade-A commercial real estate projects in the city. Further, this property deal sets a benchmark for capital values in the Bandra-BKC belt and highlights a growing appetite for quality, long-term commercial assets in India's most dynamic business city. (ADVERTORIAL DISCLAIMER: The above press release has been provided by SMPL. ANI will not be responsible in any way for the content of the same)
Mint
02-06-2025
- Business
- Mint
Is the AU Bank Vetta Credit Card worth it? Features and charges explained
The AU Bank Vetta Credit Card continues to provide a suite of benefits and services designed for credit card users in the country. The aim of the card is to provide users with lifestyle perks and reward programmes. This particular credit card is issued by AU Small Finance Bank and is developed to assist frequent travellers and high spending individuals. Let us hence look at the key features, eligibility criteria, application process and fees and charges associated with this credit instrument. Reward points : You can earn 10 reward points per ₹ 100 on utility bill payments you make. Four points per ₹ 100 on grocery and departmental store purchases and two points per ₹ 100 on other spends. : You can earn 10 reward points per 100 on utility bill payments you make. Four points per 100 on grocery and departmental store purchases and two points per 100 on other spends. Milestone benefits: Vouchers worth ₹ 2000 can be received upon spending ₹ 30,000 within the first 60 days. Furthermore, additional rewards include Zomato Pro membership if you meet the monthly ₹ 50,000 criteria and bonus points on quarterly and annual spend thresholds. Vouchers worth 2000 can be received upon spending 30,000 within the first 60 days. Furthermore, additional rewards include Zomato Pro membership if you meet the monthly 50,000 criteria and bonus points on quarterly and annual spend thresholds. Lounge access : You can also avail one complimentary airport lounge visit per quarter along with two railway lounge accesses per quarter at select stations including stations such as New Delhi and Sealdah in Kolkata. : You can also avail one complimentary airport lounge visit per quarter along with two railway lounge accesses per quarter at select stations including stations such as New Delhi and Sealdah in Kolkata. Insurance coverage: Benefits from air accidents cover up to ₹ 50 lakhs along with credit shields up to ₹ 2 lakh. Not only this, one can avail purchase protection up to ₹ 25,000. Charge type Details Annual fee ₹ 2,999 (waived on spending ₹ 40,000 within 90 days) Finance charges 2.99% per month (35.88% per annum) Foreign currency mark-up 2.99% on international transactions Late payment fee As per bank's policy (check official site) Card replacement fee ₹ 100 (subject to revision) Note: The features and fees discussed above are illustrative in nature. For the updated terms and conditions refer to the official website of AU Small Finance Bank. Age : Primary cardholders should be between 21 and 60 years. : Primary cardholders should be between 21 and 60 years. Add-on cardholders: Must be over 18 years. Must be over 18 years. Residency: Applicants must be Indian residents. Here's a simplified 5-step guide to applying for the AU Bank Vetta Credit Card, based on the official AU Small Finance Bank website: Visit the official website: Reach out to the AU Small Finance Bank's credit card website page: AU Bank Credit Cards. Select the Vetta Credit Card: Opt for the 'Vetta Credit Card' from the list of all the available credit card options. Click on the 'Apply Now' tab: Select the 'Apply Now' tab on the web page to initiate your application submission. Fill in the application form: Submit the requisite personal details such as name, contact, PAN, Aadhaar details etc., along with other financial details as prompted. Upload required documents: Collect and make sure you submit the necessary documents including proof of address, identity, income etc., to complete the process of application submission. For any related doubts and clarifications you can reach out to the respective customer support team of AU Small Finance Bank. This way you can ensure that you are in a position to make a well thought out decision before applying for the AU Bank Vetta credit card. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
