ICICI Securities Downgrades AU Small Finance Bank to Hold; Target Price Rs 1010
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Moneycontrol•30-01-2026, 21:07
ICICI Securities Downgrades AU Small Finance Bank to Hold; Target Price Rs 1010
- •AU Small Finance Bank (AUSFB) reported strong 19% QoQ PAT growth in Q3FY26, driven by NIM expansion and improved asset quality.
- •Return on Assets (RoA) surpassed 1.5% after three quarters, with management optimistic about sustained profitability.
- •Net Interest Margin (NIM) expanded to 5.7% due to a 22 bps QoQ reduction in the cost of funds.
- •Gross slippage ratio moderated to below 2.5% in Q3FY26, indicating sustained improvement in asset quality.
- •ICICI Securities downgraded AUSFB to 'Hold' from 'Buy', setting a revised target price of INR 1,010, citing that positives are factored into the current market price.
Why It Matters: ICICI Securities downgrades AU Small Finance Bank to 'Hold' with a target of Rs 1010 due to valuation.
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