AU Small Finance Bank shares saw a rise of over 2 percent. The lender reported a strong December quarter performance. Net profit increased by 26 percent year-on-year. Net interest income also showed healthy growth. Margins improved, and non-interest income remained a key contributor. Deposits were robust, and asset quality continued to improve.
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