India's AU Small Finance Bank falls 3% on report of RBI flagging rise in advances

AU Small Finance Bank

21/04/2023 08:27

** Shares of AU Small Finance Bank  AUFI.NS  fall 3.32% to
656.85 rupees
    ** Lender is top loser in bank index  .NSEBANK , down 0.4%
    ** Slide comes after a report said RBI called the management
of AUFI for two meetings in 2022 to highlight a rapid rise in
advances
    ** RBI told AUFI to taper its growth as it was not in-line
with the other banks in the system: report
    ** AUFI and RBI did not immediately respond to Reuters'
request for comment

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))