The share price of Finance Finance Au rose higher in the morning session on October 6 because the total loan deposits grew 45 percent over the past year to Rs 39,034 Crore in the second quarter of 2021-22.
AU Small Bank Finance has a deposit of Rs 26,980 Crore in the September quarter of last year. The casa ratio came at 30 percent because it opposed 20 percent between the appropriate period.
AUM 24 percent bank loan became RS 38.011 Crore in the second quarter of this year from RS 30,590 Crore in the past year period and gross progress jumped 32 percent to RS 37,405 Crore from Rs 27,534 Crore.
Bank fund-based disbursement grew 57 percent year after year to Rs 5,135 Crore from Rs 3,268 Crore.
“In Q2FY22, the bank sees an increase in versus Q1FY22 in some of the main aspects such as the borrower connected, business continuity, and trust in the operating environment. As also reflected in the data above, this momentum has resulted in a pickup in disbursement, strong collection efficiency, resulting in an increase Strong in the quality of assets. Furthermore, our digital properties such as AU 0101, video banking, credit cards and UPI QR continue to see strong momentum, “said the bank.
This agreed to the appointment of Vish Vaish, as an internal audit head for a period of three years, with the effect of October 7.
Morgan Stanley’s global brokerage company has ‘overweight’ calls in stocks with targets at Rs 1,500 per share. This is the view that strong Aum growth at 4 percent of QOQ and 24 percent yoy added that billing efficiency remained strong after the second covid wave, according to CNBC-TV18 report.
At 10:24 hours, the stock traded at Rs 1,217.15, up RS 5.35, or 0.44 percent. It has touched the highest intraday Rs 1,271.75 and intraday low of RS 1,207.65.
