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AU Small Finance Bank Q1 profit jumps 37% on higher NII, lower provisions
AU Small Finance Bank posts 37% jump in Q1 net profit to ₹796 cr as NII rises 32% and asset quality improves, with GNPAs dropping to 2.10%.
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AU Small Finance Bank’s first-quarter net profit rose 37% from a year earlier, hitting ₹796 crore. The Jaipur-based lender, which received RBI’s in-principle approval last August to transition into a universal bank, said net interest income climbed 32% to ₹2,695 crore. Provisions fell, helping the bottom line.
Net interest margin widened to 5.9% from 5.4% a year ago but slipped from 6% in the March quarter. Other income, which includes fee-based revenue, treasury income and recoveries from written-off accounts, dropped 15% to ₹689 crore.