June 16, 2024

The inventory closed for buying and selling almost 3.61 p.c down at Rs 710.25 apiece on BSE.

Jaipur-based lender AU Small Finance Financial institution on January 25 reported a internet revenue of Rs 375 crore for the October-December quarter of the monetary yr (FY) 2023-24, down 4.3 p.c leap from the year-ago interval.

Its internet curiosity revenue (NII), the distinction between the curiosity revenue earned from lending actions and the curiosity paid to depositors, got here in Rs 1324 crore, which was 15 p.c greater from the corresponding quarter of the earlier fiscal. The lender’s internet curiosity margin (NIM) stood at 5.5 p.c.

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Additionally learn: CCI provides approval for AU-Fincare merger

The financial institution reported an enchancment in gross non-performing asset (NPA) which stood at 1.98 p.c, down from 1.81 p.c from final yr. Web NPA jumped at 0.68 p.c from 0.51 p.c on a year-on-year foundation.

The financial institution’s advances grew by 20 p.c YoY to Rs 67,624 crore in reporting quarter in comparison with Rs 56,335 crore final yr. The lender’s credit score to deposit ratio stood at 83 p.c.

Deposits have now crossed Rs 80,000 crore, rising 31 p.c YoY. The present account and financial savings account (CASA) ratio stood at 33 p.c.

The inventory closed for buying and selling almost 3.61 p.c down at Rs 710.25 apiece on BSE.