The AU Small Finance Bank’s board of directors has set a record deadline for finalising qualified shareholders for the issuing of 1:1 bonus shares. The Indian stock exchanges have been advised that the record date for bonus share issuance is June 10, 2022.
“In continuation of Voting Results & Scrutinizer’s Report submitted vide our letter bearing no. AUSFB/SEC/2022-23/112 dated 30th May, 2022 and pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
it is hereby informed that the Board of Directors of the Bank has fixed Friday, 10th June, 2022 as the Record Date for the purpose of issuance of bonus shares,” the AU Small Finance Bank of determining the shareholders’ eligibility for the issue of Bonus shares in the ratio of one (one) equity share of Rs. 10/- for every one (one) equity share of Rs. 10/- held by the Members.
” AU Small Finance Bank reported a 105 percent increase in net profit to 346 crore in Q4FY22, owing to higher interest margins. However, the SFB recorded an 88 percent increase in net profit to 1130 crore in FY22, compared to 600 crore in FY21. AU Small Finance Bank’s net interest income increased to 937% in Q4FY22 from 656% in Q4FY21.
The net interest margins of AU Small Finance Bank grew to 6.3 percent in Q4FY22, up from 5.7 percent in Q4FY21. The small lender’s non-performing assets (NPA) fell to 2% in Q4FY22, down from 4.30 percent in Q4FY21.
Deposits at the Jaipur-based small finance bank increased by 46% year on year to 52,585 crore at the end of FY2021-22, up from 35,979 crore the previous year.
In 2022, AU Small Finance Bank will be one of the dividend-paying stocks. AU Small Finance Bank issued a dividend of $10 per equity share (10% of face value) on pre-bonus share capital for FY22 while releasing its Q4FY results.
On Tuesday, Indian indices closed the day in the red, with the Sensex and Nifty both losing approximately 1% due to dismal global sentiment. Indian investors have become cautious, expecting the RBI to raise interest rates to combat inflation, while global investors are watching US inflation statistics and the European Central Bank’s crucial rate decision.
On Tuesday, global stock markets were uneven after a bond sell-off on Wall Street fueled fears of a possible US economic slowdown, while oil prices remained constant as China eased Covid limits. In Japan and Shanghai, stocks increased slightly, while in Hong Kong, South Korea, and Australia, they declined.
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