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AU Small Finance Bank surges on launching account opening on WhatsApp

AU Small Finance Bank is currently trading at Rs. 668.75, up by 11.00 points or 1.67% from its previous closing of Rs. 657.75 on the BSE.

The scrip opened at Rs. 660.00 and has touched a high and low of Rs. 672.80 and Rs. 659.20 respectively. So far 4083 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 745.00 on 30-Aug-2018 and a 52 week low of Rs. 502.00 on 22-Oct-2018.

Last one week high and low of the scrip stood at Rs. 676.20 and Rs. 629.40 respectively. The current market cap of the company is Rs. 19473.74 crore.

The promoters holding in the company stood at 32.19%, while Institutions and Non-Institutions held 38.40% and 29.41% respectively.

AU Small Finance Bank has rolled out its Savings Bank Account opening process initiated with WhatsApp. This service is powered by Karix Mobile using an advanced multi-channel conversational and compute platform.

Using Karix’s versatile platform, the Bank’s interested customers will be able to initiate the opening of their savings account in less than 5 minutes using an interactive chat-like interface on WhatsApp.

AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused non-banking 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.

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