RBI allows Temasek unit to raise stake in AU Small Finance Bank, shares riseThe Reserve Bank of India has approved Zulia Investments, a Temasek unit, to increase its stake in AU Small Finance Bank up to 7%. Currentl...
Festive offers 2024 on loans, FDs, credit card spends: ICICI Bank, SBI, Axis Bank, Union Bank of India, Canara Bank, Bank of IndiaFestive offers 2024: Banks typically experience a significant surge in business, particularly in the retail segment, which includes housing...
PE firm WestBridge Capital sells 1.5% stake in AU Small Finance Bank for Rs 736 crorePrivate equity firm WestBridge Capital on Tuesday divested a 1.5 per cent stake in AU Small Finance Bank for Rs 736 crore via open market t...
Fincare Business sells 1.7 pc stake in AU SFB for Rs 803 cr; Morgan Stanley, SocGen pick stakeFincare Business Services on Monday sold a 1.7 per cent stake in AU Small Finance Bank to investors like DSP Mutual Fund, Morgan Stanley an...
AU Small Finance Bank aims to double balance sheet to Rs 2.5 lakh cr in 3 years: MD Sanjay AgarwalAU Small Finance Bank is set to double its balance sheet size to Rs 2.5 lakh crore in three years, driven by the acquisition of Fincare SFB...
Fincare merges with AU Small Finance BankAU Small Finance Bank merged with Fincare Small Finance Bank, gaining access to South India. The consolidation strengthens the customer bas...
Small finance banks thinking big likely to switch on the M&A modeAU Small Finance Bank's move to acquire Fincare Small Finance Bank may encourage others to explore inorganic opportunities, industry captai...
Merging with Fincare to enter MFI segment, southern markets: AU Small Finance BankAU SFB, in a late evening regulatory filing on Sunday, announced its approval of the amalgamation. Post the deal announcement, Fincare's Rs...
AU SFB set to acquire Fincare Small Finance Bank in all-share dealThe shareholders of Fincare Small Finance Bank will receive 579 equity shares of AU Small Finance Bank for every 2,000 shares held. The mer...
AU Small Finance Bank shares zoom 16% after RBI approves reappointment of MD & CEOSanjay Agarwal has been reappointed for a period of three years, from April 19, 2023, to April 18, 2026. Also, Uttam Tibrewal has been reap...
Can a small finance bank be the next HDFC Bank in the making for equity investors?Though the risks SFBs take are on the higher side, the business growth has also been higher. So, if you are planning to invest in these sto...
Sensex jumps as bank, pharma, metal stocks lift D-Street: What's driving market todayIt is important to discern the cold economic and financial logic that drives markets, which focus on earnings, particularly future earnings...
Bank, auto, metal stocks drag Sensex sharply lower amid surging Covid cases: What else is spooking D-StBenchmark indices started the day with a gap-down opening.
Bulk deals: Govt of Singapore laps up AU SFB as promoter sells stakeHere’s who bought and sold what in some of the key bulk deals of the day.
Market Movers: Banks take a huge beating; defence stocks in focus; 150 stocks flash ‘sell’These are the key trends from Monday’s trade.
AU Financiers to list on bourses early next yearAU Financiers, that have sold its mortgage lending business, is well capitalised and do not need capital for the next 5 years.
RBI has said we can do an IPO in next 3 years: Sanjay Agarwal, AU FinanciersWe will be starting with 300 branches and taking it to 400 by FY18-end with an asset base of Rs 11,000 crore and 7,000 people. We are inves...