AU Small Finance Bank rises on entering into partnership with ICICI Prudential Life Insurance

29 Dec 2020 Evaluate

AU Small Finance Bank is currently trading at Rs. 866.40, up by 10.40 points or 1.21% from its previous closing of Rs. 856.00 on the BSE.

The scrip opened at Rs. 875.00 and has touched a high and low of Rs. 875.00 and Rs. 860.30 respectively. So far 7947 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1217.70 on 02-Mar-2020 and a 52 week low of Rs. 366.20 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 895.00 and Rs. 845.45 respectively. The current market cap of the company is Rs. 26254.51 crore.

The promoters holding in the company stood at 29.00%, while Institutions and Non-Institutions held 46.14% and 24.86% respectively.

AU Small Finance Bank has entered into partnership with ICICI Prudential Life Insurance, one of the top Private Life Insurance companies to offer customized, need and goal-based Life Insurance solution.

AU Bank is rapidly expanding its distribution footprints across India and this tie-up between the two leading companies will further enrich its life insurance offering with an agile, accelerated, digital and paperless platform offered by ICICI Prudential Life. Through this corporate agency arrangement, over 18 lakh customers of AU Bank across over 700 banking touchpoints in 13 states and 2 Union territories, will have an easy access to the entire suite of customer-centric protection and long-term savings products of ICICI Prudential Life. These products will enable customers to provide financial security to themselves and their families and help them achieve their financial goals.

AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.

AU Small Fin. Bank Share Price

614.65 6.30 (1.04%)
31-Oct-2024 16:01 View Price Chart
Peers
Company Name CMP
HDFC Bank 1734.95
ICICI Bank 1291.55
Axis Bank 1158.50
Kotak Mahindra Bank 1730.50
Indusind Bank 1055.75
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