AUBANK

March 7 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• TO ISSUE BONDS WORTH 15 BILLION RUPEES

Source text: ID:nBSE9nRyVV

Further company coverage: AUFI.NS

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Corrects to Thursday from Wednesday in first paragraph

Feb 27 (Reuters) - Shares of most Indian financial companies, especially those of non-bank and microfinance-focussed lenders, jumped on Thursday after the central bank further eased its capital requirements for micro loans and bank credit.

Financial stocks .NIFTYFIN, which include non-bank finance companies (NBFCs), jumped about 1%, outpacing the 0.7% increase in banking stocks .NSEBANK. The benchmark Nifty 50 .NSEI, in comparison, was flat.

The Reserve Bank of India, on Tuesday, trimmed the higher capital requirements introduced in November, the latest in a series of growth-supportive measures since Sanjay Malhotra took over as governor in December.

Under his watch, the RBI has eased liquidity, delayed some regulations and loosened restrictions placed on some lenders.

"We think this bodes well for the financial sector and lays more emphasis on consumption and growth ... and (we) reiterate our bullish view," Macquarie analyst Suresh Ganapathy said in a note.

On the day, Bandhan Bank BANH.NS gained 6%, while Shriram Finance SHMF.NS, AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS rose about 5% each.

Cholamandalam Investment and Finance CHLA.NS and Aditya Birla Capital ADTB.NS advanced 4.5% each. Bajaj Finance BJFN.NS rose 2.7% and IndusInd Bank INBK.NS gained 2%.

In comparison, top private lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS were up under 1%.

The RBI's move should help most NBFCs' earnings, Morgan Stanley analysts said, picking Aditya Birla Capital, PNB Housing, Shriram Finance and Bajaj Finance as top beneficiaries.

Nomura analysts said banks with higher microfinance loan exposure, such as Bandhan Bank, IndusInd and AU Small Finance Bank, would also get much needed relief.

Since the rules were implemented in November, Aditya Birla Capital's shares had slid 16%, while AU Small Finance Bank and IndusInd Bank sank 28% and 31%, respectively. The worst hit, with a 38% tumble, was Bandhan Bank -- the day's top gainer.

However, Axis Bank Chief Economist Neelkanth Mishra cautioned that a reversal in the broad-based slide in loan growth -- caused by high liquidity costs and the RBI's discomfort with high loan-to-deposit ratios -- could take time.

"While these (RBI) signals should help revive lending, we believe the binding constraint remains durable liquidity."

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

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Feb 13 (Reuters) - The Reserve Bank of India has given its approval to a Temasek unit to raise its stake in AU Small Finance Bank AUFI.NS to up to 7%, the lender said on Thursday.

Zulia Investments, a unit of Singapore's state-owned investment firm Temasek, had a 1.37% stake in the lender as of December-end, exchange data showed.

The Indian bank did not disclose any financial details on the deal.

AU Small Finance said it has received a letter from Zulia saying that the Reserve Bank of India approved the stake increase on the condition that the transaction takes place by February 12, 2026.

The deal could make Zulia the biggest foreign portfolio investor in the lender.

Shares of AU Small Finance Bank were flat on Thursday.

(Reporting by Hritam Mukherjee and Yagnoseni Das in Bengaluru; Editing by Sonia Cheema)

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Jan 24 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• Q3 NET PROFIT 5.28 BILLION RUPEES

• Q3 GROSS NPA 2.31%

• Q3 INTEREST EARNED 41.13 BILLION RUPEES

• Q3 PROVISIONS & CONTINGENCIES 5.02 BILLION RUPEES

Source text: [ID:]

Further company coverage: AUFI.NS

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Dec 19 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• AU SMALL FINANCE BANK - RBI APPROVED RE-APPOINTMENT OF HARUN RASID KHAN AS PART-TIME CHAIRMAN

Source text: ID:nBSE8xZCvq

Further company coverage: AUFI.NS

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Nov 28 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• AU SMALL FINANCE BANK LTD - PARTNERS WITH BHARTI AXA LIFE INSURANCE

Source text: ID:nBSE8lrdlg

Further company coverage: AUFI.NS

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Nov 8 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• AU SMALL FINANCE BANK - PENALTY OF 10,000 RUPEES IMPOSED ON BANK BY AHMEDABAD OFFICE OF RBI

• AU SMALL FINANCE BANK LTD - PENALTY IMPOSED ON ACCOUNT OF "CASH-OUT" IN ONE OF BANK'S ATM

Source text: ID:nNSE18l5SG

Further company coverage: AUFI.NS

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Oct 23 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• AU SMALL FINANCE BANK Q2 NET PROFIT 5.71 BILLION RUPEES

• AU SMALL FINANCE BANK Q2 GROSS NPA 1.98%

• AU SMALL FINANCE BANK Q2 INTEREST EARNED 39.11 BILLION RUPEES

• AU SMALL FINANCE BANK Q2 NET NPA 0.75%

• AU SMALL FINANCE BANK Q2 PROVISIONS & CONTINGENCIES 3.73 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: AUFI.NS

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Oct 4 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• TOTAL DEPOSITS UP 12.7% Q/Q AS OF SEP 30

• GROSS ADVANCES AS OF SEPT 30 UP 5.9% Q/Q

Further company coverage: AUFI.NS

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Sept 19 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• ENTERS INTO STRATEGIC PARTNERSHIP WITH NIVA BUPA HEALTH INSURANCE CO

Source text for Eikon: ID:nBSE9kMPsm

Further company coverage: AUFI.NS

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Sept 9 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• AU SMALL FINANCE BANK - ENTERS INTO CORPORATE AGENCY AGREEMENT WITH KOTAK MAHINDRA LIFE INSURANCE

Source text for Eikon: ID:nBSE9NkQrv

Further company coverage: AUFI.NS

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July 25 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• AU SMALL FINANCE BANK JUNE-QUARTER NET PROFIT 5.03 BILLION RUPEES

• AU SMALL FINANCE BANK Q1 GROSS NPA 1.78%

• AU SMALL FINANCE BANK Q1 INTEREST EARNED 37.69 BILLION RUPEES

• AU SMALL FINANCE BANK Q1 NET NPA 0.63%

• AU SMALL FINANCE BANK Q1 PROVISIONS & CONTINGENCIES 3.19 BILLION RUPEES

• AU SMALL FINANCE BANK- TO APPLY TO RBI FOR TRANSITION FROM SMALL FINANCE BANK TO UNIVERSAL BANK

Source text for Eikon: ID:nBSE5Ty6Dn

Further company coverage: AUFI.NS

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June 24 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• TO CONSIDER RAISING OF FUNDS BY ISSUE OF SHARES THROUGH PRIVATE PLACEMENT, QIP OR PREFERENTIAL ALLOTMENT

• TO CONSIDER FUND RAISING BY ISSUE OF DEBT INSTRUMENTS INCLUDING BONDS, NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSE734BhK

Further company coverage: AUFI.NS

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April 24 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• Q4 NET PROFIT 3.71 BILLION RUPEES VERSUS PROFIT 4.25 BILLION RUPEES

• Q4 GROSS NPA 1.67% VERSUS 1.98% PREV QUARTER

• Q4 INTEREST EARNED 28.29 BILLION RUPEES VERSUS 22.75 BILLION RUPEES

• Q4 PROVISIONS & CONTINGENCIES 1.33 BILLION RUPEES VERSUS 408.8 MILLION RUPEES

• Q4 NET NPA 0.55% VERSUS 0.68% PREV QUARTER

• DIVIDEND 1 RUPEE PER SHR

Source text for Eikon: [ID:]

Further company coverage: AUFI.NS

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April 4 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• GROSS ADVANCES UP 25% Y/Y AS ON MARCH 31

• TOTAL DEPOSITS AS OF MARCH-END UP 26% Y/Y

Source text for Eikon: ID:nBSE8tFp0

Further company coverage: AUFI.NS

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March 4 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• APPROVES FINCARE SMALL FINANCE BANK – AU SMALL FINANCE BANK AMALGAMATION

• EFFECTIVE DATE OF AU SMALL FINANCE-FINCARE SMALL FINANCE BANK AMALGAMATION SHALL BE APRIL 01, 2024

• ALL BRANCHES OF FINCARE SMALL FINANCE BANK TO FUNCTION AS BRANCHES OF AU SMALL FINANCE EFFECTIVE APRIL 01, 2024

Further company coverage: AUFI.NS

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Jan 23 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• COMPETITION REGULATOR APPROVED PROPOSED COMBINATION INVOLVING AMALGAMATION OF FINCARE SMALL FINANCE BANK INTO, WITH BANK

Further company coverage: AUFI.NS

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Jan 4 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• AU SMALL FINANCE BANK - TOTAL DEPOSITS FOR QTR-ENDED DEC UP 31% Y/Y

• AU SMALL FINANCE BANK- GROSS ADVANCES FOR QUARTER-ENDED DEC UP 20% Y/Y

Source text for Eikon: ID:nBSE67fLQp

Further company coverage: AUFI.NS

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BENGALURU, Nov 27(Reuters) - Diary of India economic, corporate events on Nov. 27.

ECONOMIC, CORPORATE .BSE500 EVENTS:

(Compiled by Bengaluru Newsroom)

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Adds executive's comments, updates shares

By Jaspreet Kalra and Chris Thomas

MUMBAI/BENGALURU, Oct 30 (Reuters) - India's AU Small Finance Bank AUFI.NS is buying IPO-bound peer Fincare Small Finance Bank in an all-stock deal worth 44.11 billion rupees ($529.8 million), as it looks to enter the microfinance space.

Shares of AU Small Finance Bank dropped nearly 9% to their lowest since mid-April on concerns that the deal, announced late on Sunday, would lead to heightened focus on unsecured lending at the bank. The stock was last down 4.4%.

The bank's asset quality deteriorated and provisions for bad loans spiked in the second quarter, according to results released on Saturday.

The main strategic pivot for AU Small Finance Bank in the deal is an increased focus on unsecured lending, said Shailesh Kanani, an analyst at Centrum Broking.

This could potentially expose the bank to macroeconomic challenges, which it has so far managed to weather more effectively than its peers, he added.

"As of now, our unsecured book is 4%. Post the merger, it will be around 11%," AU Small Finance Bank CEO Sanjay Agarwal told the media on Monday.

"We want to cap microfinance around 10%-11% of the overall book."

Over half of Fincare's asset portfolio is made up of microfinance, or loans to low-income individuals or groups who typically find it tough to borrow funds from banks.

The deal comes weeks after Tiger Global-backed fintech Slice said it would merge with North East Small Finance Bank, which is focussed on India's north-eastern region.

Shareholders of Fincare, which had filed IPO papers in May, will receive 579 equity shares of AU Small Finance Bank for every 2,000 shares of the former. Fincare has about 221 million outstanding shares, its IPO filing showed.

Fincare shareholders will hold close to 9.9% in AU Small Finance Bank after the deal, which is subject to a capital infusion of 7 billion rupees by Fincare's top shareholders.

While Fincare has put its IPO on the back burner, it will not withdraw its listing application until the central bank approves the merger, said Divya Sehgal, a director on Fincare's board.

($1 = 83.2580 Indian rupees)

(Additional reporting by Ira Dugal and Rama Venkat; Editing by Rashmi Aich and Mrigank Dhaniwala)

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Oct 4 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• AU SMALL FINANCE BANK LTD- PROVISIONAL GROSS ADVANCES UP 24% YOY AS OF END SEPT

• AU SMALL FINANCE BANK LTD- PROVISIONAL TOTAL DEPOSITS UP 30% YOY AS OF END SEPT

• AU SMALL FINANCE BANK LTD- AVERAGE COST OF FUNDS FOR Q2 INCREASED BY 12BPS QOQ TO 6.70% AS AGAINST 6.58% IN Q1

• AU SMALL FINANCE BANK LTD- SYSTEMIC LIQUIDITY CONTINUED TO REMAIN TIGHT

• AU SMALL FINANCE BANK LTD- CREDIT DEMAND REMAINS RESILIENT

• AU SMALL FINANCE BANK LTD- ASSET QUALITY CONTINUES TO FOLLOW SEASONAL TREND AND REMAINS WITHIN RANGE

Source text for Eikon: ID:nBSE3WJM1R

Further company coverage: AUFI.NS

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Sept 21 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• ENTERS INTO BANCASSURANCE TIE-UP WITH MAX LIFE INSURANCE COMPANY

Source text for Eikon: ID:nBSE2ZQJBD

Further company coverage: AUFI.NS

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Sept 6 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• ENTERED INTO BANCASSURANCE TIE-UPS WITH STAR HEALTH AND ALLIED INSURANCE COMPANY

• ENTERED INTO BANCASSURANCE TIE-UPS WITH BAJAJ ALLIANZ LIFE INSURANCE COMPANY

Source text for Eikon: ID:nNSE7bfXxP

Further company coverage: AUFI.NS

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Corrects to S&P report from S&P Global in headline

MUMBAI, Aug 24 (Reuters) - Indian banks' aggregate dividend payout to shareholders is set to rise to its highest level in at least seven years in 2023-2024, helped by strong business metrics and healthy credit growth, a report from S&P Global Market Intelligence showed.

India's brisk economic activity will likely "sustain high credit growth," resulting in "excellent" earnings forecasts for banks," Tusharika Aggarwal, a dividend forecasting research analyst at S&P Global Market Intelligence said in the report released on Thursday.

Axis Bank AXBK.NS, Bandhan Bank BANH.NS and AU Small Finance Bank AUFI.NS will lead dividend payout increases in the next few years, Aggarwal said.

Lenders reported healthy growth in net profits last fiscal year and in the first quarter of this financial year on accelerating credit growth and shrinking bad loans.

Banks will likely account for 13% of the aggregate dividend payout across all sectors this fiscal year ending March 31, up from 12% and 9% in the previous two financial years, per the report.

This share was barely 1% in 2020-2021, when the Reserve Bank of India asked lenders to conserve cash and suspend dividend payments due to COVID-19.

(Reporting by Siddhi Nayak; Editing by Dhanya Ann Thoppil)

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July 4 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• TOTAL DEPOSITS UP 27% Y/Y QUARTER ENDED JUNE 30

• GROSS ADVANCES AT 636.35 BLN RUPEES AS OF JUNE 30, 2023, UP 29% Y/Y

Further company coverage: AUFI.NS

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June 29 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• TO RAISE FUNDS BY ISSUE OF SHARES FOR 50 BILLION RUPEES

• APPROVED BORROWING/RAISING OF FUNDS UPTO 60 BILLION RUPEES BY ISSUE OF DEBT INSTRUMENTS

Source text for Eikon: ID:nBSEbMYqfR

Further company coverage: AUFI.NS

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June 23 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• TO CONSIDER RAISING OF FUNDS BY ISSUE OF SHARES

• TO CONSIDER BORROWING/RAISING OF FUNDS BY ISSUE OF DEBT INSTRUMENTS

Source text for Eikon: ID:nBSE3bS0kM

Further company coverage: AUFI.NS

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By Siddhi Nayak

MUMBAI, April 26 (Reuters) - India's AU Small Finance Bank AUFI.NS expects to grow its loan book by 27% to 28% in this financial year, aided by high credit demand in the country, its managing director and chief executive officer told Reuters on Tuesday.

"I expect that this kind of (credit) growth momentum is sustainable in some times to come," Sanjay Agarwal, managing director and chief executive officer said in a telephonic interview. The bank is targeting a deposit growth of around 29% to 30% in deposits for 2023-24, Agarwal added.

AU Small Finance Bank's deposits grew 32% year-on-year, while loans logged 26% growth in the fiscal year 2023, slower than the 33% in the year before.

The bank's growth in advances has been much higher than that of the industry. Fortnightly bank credit growth of scheduled commercial banks was at 15.7% as of April 7, latest data released by the Reserve Bank of India (RBI) showed.

Last week, a local media outlet had reported, citing sources, that the RBI had asked the bank to temper growth in advances last year.

Agarwal said this was in "regular course" of interactions. "They (RBI) will always advise us; that is their right. But it is up to the board and it's executives to see what is there to accept and what is there to appeal against," he added.

"The RBI has not singled out the bank," Agarwal further said.

AU Small Finance Bank’s gross non-performing assets (NPA) ratio was at 1.66% as on March-end as compared with 1.98% last year. Net NPA ratio stood at 0.42% against 0.50% as on March 2022.

The lender does not plan to raise any fresh capital for the next 18 months and plans to add 100 new branches in the current fiscal year.

(Reporting by Siddhi Nayak; editing by Eileen Soreng)

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April 25 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• INDIA'S AU SMALL FINANCE BANK MARCH-QUARTER NET PROFIT 4.25 BILLION RUPEES VERSUS PROFIT 3.46 BILLION RUPEES

• AU SMALL FINANCE BANK MARCH-QUARTER INTEREST EARNED 22.75 BILLION RUPEES VERSUS 16.67 BILLION RUPEES

• AU SMALL FINANCE BANK MARCH-QUARTER PROVISIONS & CONTINGENCIES 408.8 MILLION RUPEES VERSUS 932.2 MILLION RUPEES

• AU SMALL FINANCE BANK MARCH-QUARTER GROSS NPA 1.66% VERSUS 1.81% PREV QUARTER

• AU SMALL FINANCE BANK MARCH-QUARTER NET NPA 0.42% VERSUS 0.51% PREV QUARTER

Further company coverage: AUFI.NS

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April 19 (Reuters) - AU Small Finance Bank Ltd AUFI.NS:

• INDIA CENBANK GRANTED LICENCE TO ACT AS AUTHORIZED DEALER CATEGORY-I TO DEAL IN FOREIGN EXCHANGE

Source text for Eikon: ID:nBSE2rZXW8

Further company coverage: AUFI.NS

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