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The deposits grew 48 per cent YoY to Rs 54,631 crore from Rs 37,014 crore, with further improvement in CASA ratio to 39 per cent
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The Board of Directors of AU Small Finance Bank at its meeting held on Wednesday, approved the financial results for the quarter ended June 30, 2022.
The deposits grew 48 per cent YoY to Rs 54,631 crore from Rs 37,014 crore, with further improvement in CASA ratio to 39 per cent compared to 26 per cent a year ago
The PAT grew by 32 per cent with net profit stood at Rs 268 crore for Q1’FY23.
In Q1’FY23, fund-based disbursements were up 345 per cent YoY at Rs 8,445 crore as compared to Rs 1,897 crore in the same quarter of the previous year which had a low base due to Covid 2.0. The bank's non-fund disbursements for Q1’FY23 were up 5x at Rs 481 crore as compared to Rs 79 crore in the same quarter of the previous year because of Covid 2.0.
The bank witnessed a growth of 37 per cent YoY in its AUM to Rs 50,161 crore from Rs 36,635 crore. This was coupled with consistent collection efficiency of 105 per cent for the quarter, resulting in sustained improvement in asset quality ratios.