AU Small Finance Bank

Business

AU Small Finance Bank Faces Steepest Single-Day Stock Drop Since August 2021

AU Small Finance Bank witnessed a significant 10% drop in its shares on Monday, marking the largest single-day decline since August 2021. The dip followed a deterioration in the company’s asset quality during the December quarter. The Gross NPA rose to 1.98% from 1.91% in the previous quarter, while Net NPA increased to 0.68% from 0.6%. The company’s net profit…