The employee attrition rate elevated during the quarter on an annual basis through the company management has cited a moderating trend on a quarterly basis. The net employee addition for the quarter was the lowest at 9,840 in nine quarters, signalling the beginning of moderation in the hiring frenzy seen over the past few quarters.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
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