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3 banks with triple-digit profit growth at up to 72% lower P/Bs than AU Small Finance Bank

Reported by: Financial Express ·

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AU Small Finance Bank

Summary

Financial Express published a list of three banks it says posted triple-digit profit growth and trade at price-to-book values up to 72% lower than AU Small Finance Bank. The headline names no individual bank, gives no profit figures and no dates, so the three companies cannot be identified from it. Triple-digit profit growth means a rise of 100% or more, so profit at least doubled. Price-to-book (P/B) compares a bank's share price with its book value, the net worth recorded in its accounts; a lower P/B means the market is paying less for each rupee of that net worth. The comparison with AU Small Finance Bank is the outlet's own framing. This is the outlet's stock list, not Hypeless's.

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Financial Express  · via Google News · · Tone 0

3 banks with triple-digit profit growth at up to 72% lower P/Bs than AU Small Finance Bank

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