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04-Apr2018

AU Small Finance Bank gains on inking agreement with FGLI

AU Small Finance Bank is currently trading at Rs. 633.00, up by 4.10 points or 0.65% from its previous closing of Rs. 628.90 on the BSE.

The scrip opened at Rs. 641.05 and has touched a high and low of Rs. 641.05 and Rs. 632.90 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 739.00 on 19-Jan-2018 and a 52 week low of Rs. 496.40 on 07-Aug-2017.

Last one week high and low of the scrip stood at Rs. 648.00 and Rs. 615.00 respectively. The current market cap of the company is Rs. 18,085.00 crore.

The promoters holding in the company stood at 32.71%, while Institutions and Non-Institutions held 18.91% and 48.38% respectively.

AU Small Finance Bank has entered into agreement with Future Generali India Life Insurance Company (FGLI) to act as Corporate Agent for Life Insurance Business. This tie up shall be mutually beneficial for bank & FGLI in terms of business, market penetration and reach.

The bank has been issued certificate of registration under Registration of Corporate Agents - Regulations, 2015 by Insurance Regulatory and Development Authority of India (IRDAI).

AU Small Finance Bank is Jaipur Rajasthan based non-banking finance company focused on retail segment serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels.



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