ICICI Securities reiterates Buy on AU Small Finance Bank; target Rs 1,250
ICICI Securities has a Buy rating and a target price of Rs 1,250 for AU Small Finance Bank. The research says the bank received in-principle approval to convert into a universal bank.
ICICI Securities said AU Small Finance Bank has received in-principle approval to convert into a universal bank, placing it among the fastest-growing retail-focused private sector banks in India. The report said AU SFB has shown strong execution over the past decade.