Today’s stock to be analysed is AU SMALL FINANCE BANK
AU Small Finance Bank Limited is an Indian scheduled commercial bank that was founded as vehicle finance company AU Financiers (India) Ltd in 1996 and converted to a small finance bank on 19 April 2017. AU Bank is one of the top scheduled commercial banks and ranked 355 in the list of Fortune India 500 (2019) companies. The Bank offers a comprehensive suite of loan, deposit & payment products and services. Foreign as well as the domestic investors have bestowed trust on the bank and have increased the stake in multiples. AU Bank has been the top performer in providing returns to its investors by giving astonishing returns of above 138%. AU Bank has been awarded a long-term credit rating of “AA-/Stable” from CRISIL Ratings, ICRA Ratings, India Ratings & CARE Ratings.
AU Small Finance Bank’s is widening its reach through an increasing number of branches, ATM’s. The count of bank employees has also been doubled in the last 3 years.
Hope you all will enjoy riding the financial analysis of this aspiring firm.