Nomura has maintained a ‘Neutral’ rating on AU Small Finance Bank, with a target price of ₹670/share, reflecting a potential upside of 16.7% from the current market price (CMP) of ₹574.00.
In its pre-Q3 update, the bank reported soft CASA and deposit growth. Deposit growth was relatively modest at 2.3% quarter-on-quarter, while CASA deposit mobilization was weak. However, loan growth remained steady, indicating resilience in the bank’s lending operations.
Disclaimer: The above analysis is based on inputs provided and is for informational purposes only. It does not constitute financial advice. Readers are advised to consult their financial advisors before making any investment decisions.
