Gold loans and renewable energy sector financing have surged, more than doubling to Rs 3.16 lakh crore and Rs 14,842 crore respectively. This contrasts with decelerated growth in bank credit to NBFCs and HFCs, which saw modest increases of 3.9% and 0.2% respectively. Consumer durable and personal loans also experienced slower growth.
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