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The latest announcement is out from AU Small Finance Bank Limited ( (IN:AUBANK) ).
AU Small Finance Bank Limited announced that CARE Ratings Limited has reaffirmed its credit ratings, assigning a ‘CARE AA; Stable’ rating to its long-term debt instruments and infrastructure bonds, and ‘CARE A1+’ to its short-term instruments. The reaffirmation reflects the bank’s consistent growth and strong capitalisation, although challenges such as increased credit costs and asset quality issues persist. The bank’s regional concentration and lower CASA ratio are noted constraints, but it has received in-principal approval from the RBI to transition to a Universal Bank, indicating potential for future growth and diversification.
More about AU Small Finance Bank Limited
AU Small Finance Bank Limited is the largest small finance bank in India, operating in the financial services industry. It offers a range of banking products and services, including long-term debt instruments, infrastructure bonds, and certificates of deposit. The bank focuses on maintaining a comfortable capitalisation and profitability, supported by periodic equity infusions.
Average Trading Volume: 270,204
Technical Sentiment Signal: Buy
Current Market Cap: 713.1B INR
For an in-depth examination of AUBANK stock, go to TipRanks’ Overview page.