AU Small Finance Bank | The bank launched its qualified institutional placement (QIP) issue on March 9 and fixed the floor price at Rs 1,181.06 per share.
Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Banking sector. The brokerage house expects AU Small Finance Bank to report net profit at Rs. 151 crore down 25% year-on-year (down 11% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 28 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 662 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to fall by 18% Y-o-Y (down 2 percent Q-o-Q) to Rs. 365 crore.
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