“Total income rose to ₹6,382 crore in the quarter under review from ₹5,224 crore in the same period a year ago,” AU Small Finance Bank said in a regulatory filing
“Total income rose to ₹6,382 crore in the quarter under review from ₹5,224 crore in the same period a year ago,” AU Small Finance Bank said in a regulatory filing
AU's gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs 359 crore against Rs 481 crore. Net NPA ratio improved by 7 bps to 0.81%. Annualised credit cost improved by 45 bps to 0.8% from 1.2% over the year.
Kolkata: AU Small Finance Bank reported a 53% surge in second-quarter net profit to Rs 858 crore from Rs 561 crore in the year-ago period, helped by business expansion and an improvement in asset quality.The bank's net interest margin—a key profit metric—rose to 5.8% for the quarter from 5.5% in the year-ago period.AU's gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. Provisions fell 25% to Rs 359 crore from Rs 481 crore. The net NPA ratio improved …
Kolkata: AU Small Finance Bank on Saturday reported a 37% jump in first quarter net profit at Rs 796 crore over Rs 581 crore in the year ago period, backed by improved asset quality, normalisation of unsecured loans and healthy business growth.The Jaipur-headquartered lender, which is in a transition into a universal bank, also announced the elevation of chief operating officer Yogesh Jain to deputy chief executive officer to strengthen the leadership bandwidth.Its pre-provision operating profi…
AU Small Finance Bank recorded a 37% surge in Q1 net profit to Rs 796 crore, driven by robust loan growth and improved asset quality. Gross NPA dropped to 2.1%, while net interest income grew 32% to Rs 2,695 crore.
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