RBI’s relaxation of the NOFHC rule clears a key structural hurdle for AU Small Finance Bank’s transition to a universal bank, but the lender’s strong stock rally raises questions over whether the expected growth is already priced in. Source
stock market today: The Indian stock market benchmark indices, the BSE Sensex and Nifty 50, are likely to open sharply lower on Monday, tracking a global market sell-off as crude oil prices surged. The spike in oil followed the widening US-Israeli conflict with Iran, raising concerns about tighter supply and potential disruptions to shipments through…
AU Small Finance Bank informed the stock market on Saturday that the Reserve Bank of India (RBI) has updated its in-principle approval given for converting from Small Finance Bank to Universal Bank. Earlier RBI had laid down the condition that after becoming a universal bank, the promoter’s stake would be held through a Non-Operative Financial…
IDFC First Bank’s investors are shaken, pulling the stock down as much as 20% following reports of a fraud at the fast-growing lender. What began as a disappointing de-empanelment of IDFC and AU Small Finance Bank by the Haryana government—affecting 0.5% of their deposits—quickly evolved into something far more unsettling. Both banks were accused of…
AU Small Finance Bank shares plummeted over 6% on Monday, February 23 after the Haryana government decisively removed the bank from its list of empaneled lenders due to serious allegations of fraudulent activities. In a prompt response, the bank announced that it has initiated an internal review concerning two specific accounts. They firmly stated that…
Taking a strong action, Haryana Government has de-empanelled IDFC First Bank and AU Small Finance Bank for government business with immediate effect. That means, till further orders, no government department of the state will neither deposit money, nor invest nor do any transaction through these banks. In the circular issued by the Finance Department, it…
IDFC First Bank fraud: IDFC First Bank shares hit its 10% lower circuit of ₹75.21 on Monday, February 23 after the lender informed stock exchanges that it had uncovered fraudulent transactions worth around ₹590 crore at one of its branches in Chandigarh, allegedly involving a few employees. As per the lender, the issue came to…
MSCI Rejig February 2026 : Under MSCI’s February 2026 review, Aditya Birla Capital Ltd and L&T Finance Ltd have been added to the MSCI Global Standard Index, while IRCTC has been removed. Global index provider MSCI announced the changes on Wednesday morning, February 11. Meanwhile, MSCI said AU Small Finance Bank’s weight in the index…
AU Small Finance Bank delivered a strong December quarter (Q3FY26) performance, marked by robust growth and sustained improvement in margins and asset quality. Net profit rose 19% sequentially to ₹668 crore, surpassing estimates. A closer look shows the jump was driven largely by lower provisions as bad-debt stress continued to ease after several quarters of…
AU Small Finance Bank Q3 Results: AU Small Finance Bank on Tuesday, January 20, posted a 26.3% year-on-year (YoY) increase in net profit for the third quarter of the financial year 2025-26 (Q3 FY26) post market hours today. The lender’s profit stood at ₹667.65 crore during the quarter under review as against ₹528.44 crore in…
