Motilal Oswal - AU Small Finance Bank (AUBANK) MOSL: AU SMALL FINANCE BANK (Buy)-Takeaways from the First Annual Investor Analyst Day-Wheels in motion

Report

Motilal Oswal

Nitin Aggarwal

EUR 120.00 For Business Accounts Only

MOSL: AU SMALL FINANCE BANK (Buy)-Takeaways from the First Annual Investor & Analyst Day-Wheels in motion

AU SMALL FINANCE BANK: Takeaways from the First Annual Investor & Analyst Day; Wheels in motion

(AUBANK IN, Mkt Cap USD2.6b, CMP INR636, TP INR760, 19% Upside, Buy)

We attended AUBANK's first Annual Investor & Analyst Day, wherein the entire top management team, led by MD & CEO - Mr. Sanjay Agarwal and Executive Director - Mr. Uttam Tibrewal, highlighted the bank's progress in different businesses. Management shed light on the bank's strategy to transform into a 'Universal' bank by FY22, by (a) maintaining strong competitive positioning, and (b) delivering sustainable growth across business segments. AUBANK remains confident of deepening its presence by offering full product suite to customers, while strong analytics and targeted customer servicing should enable higher relationship value. Management aims to build a granular retail deposit franchise ensuring stability in its funding cost while effective use of technology and data analytics should enable higher cross sell and cost optimization.

06/08/2019 1 EN

Underlying

AU Small Finance Bank

AU Small Finance Bank Ltd. AU Small Finance Bank Limited, formerly Au Financiers (India) Limited, is an India-based small finance bank company. The Company provides wholesale banking, personal banking, insurance and retail loans products and services. Its personal banking includes savings account, current account, term deposit, debit card, locker and insurance. Its retail loans products and services includes wheels, secured business loan, gold loan and Kisan loan. Its wholesale banking products and services include business banking; non banking financial company (NBFC), household finance corporation (HFC), micro finance institutions (MFI) lending; and real estate group. It also provides Government banking. Kisan Loans are specifically designed to meet the production and investment credit requirement for farmers in a timely and simplified manner.

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INE949L01017 National Stock Exchange of India India

Provider

Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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Analysts

Nitin Aggarwal

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MOSL: AU SMALL FINANCE BANK (Buy)-Takeaways from the First Annual Investor & Analyst Day-Wheels in motion

AU Small Finance Bank Limited: 2 directors

MOSL : AU SMALL FINANCE BANK: Operating performance in line; margins expand sequentially . AU SMALL FINANCE BANK: Operating performance in line; margins expand sequentially (AUBANK IN, Mkt Cap USD5b, CMP INR6

MOSL: AU SMALL FINANCE BANK (Buy)-Strong overall performance; business momentum set to accelerate

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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