RBI nod to Fincare SFB–AU SFB merger; to be effective from April
All branches of Fincare Small Finance Bank will function as branches of AU Small Finance Bank with effect from April 01, 2024
All branches of Fincare Small Finance Bank will function as branches of AU Small Finance Bank with effect from April 01, 2024
Post the amalgamation, existing shareholders of Fincare SFB will hold a 9.9% stake in AU Small Finance Bank
Sharp focus on growth helps AU Small Finance Bank report stellar numbers.
Return on assets impressive despite higher cost of funds vis-a-vis private and public peers.
In the end, consistency across parameters emerges as the hallmark of the best in the business.
A long history in lending, improving asset quality, attractive return ratios and focus on digital help AU Small Finance Bank lead the pack.
Dalal Street headed for a negative start on Wednesday, following weak cues from Asian peers as market participants remained concerned about the Omicron variant of Covid-19.