Shares of AU Small Finance Bank surged higher and hit the 10% upper circuit at Rs 638 in the opening trade today. The move in on the back of the positive news for the bank about the Reserve Bank of India approving reappointment of Sanjay Agarwal as their MD & CEO for three years till April 2026. The stock in the last one week has seen a upward move of 12.06%.
A large block deal also took place in AU Small Finance Bank stock today morning. Around 33.5 lakh shares or 0.5% equity changed hands at market opening at an average price of Rs 635 per share. The overall block deal was worth Rs 213 crore,
The RBI on Wednesday alongside also cleared re-appointment of Uttam Tibrewal as the whole-time director for a period of three years.
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AU Small finance bank