Four domestic stocks added, one excluded from MSCI Standard index
Net Interest Margin improves to 6.3% from 5.7% a year ago; NPAs decline at gross and net levels
The board of directors of the bank shall meet early next week to consider the proposal for issuance of bonus shares.
AU Small Finance Bank and Bajaj Auto seem well placed on the technical charts and should be able to witness decent gains in the weeks ahead.
Banking shares have bounced back strongly in trades on Thursday amid hopes of a peace deal between Russia and Ukraine on planned diplomatic talks.
In the past three days, AU SFB has gained 10 per cent after it posted a strong set of financial numbers for the quarter ended December 2021.
In the last six trading days, the market price of AU SFB has appreciated by 24 per cent.
The private sector lender reported a sequential growth of 10.6 per cent and 26.5 per cent YoY in total assets under management to Rs 42,027 crore in December quarter
Nifty Bank was trading lower for the sixth straight day, having fallen 8 per cent during the period