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AU Small Finance Bank, which commands an expensive valuation due to its robust track record is in a rather peculiar situation. The bank has seen a high level of attrition in the last few months, including some senior-level exits.
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Some of the employees are not willing to work at its head office located in Rajasthan’s Jaipur, also known as the Pink City. On Tuesday, the bank’s stock tanked 13 per cent after it was reported that Sumit Dhir, recently hired as chief audit officer, had resigned.
Stock Covered in the news
