AU Small Finance Bank has reported impressive financial results for the second quarter of fiscal year 2023-24. The bank’s net profit increased by 17.3% to ₹402 crore, compared to ₹343 crore in the same period last year. Additionally, the net interest income (NII) rose by 15.3% to ₹1,249 crore.
The bank’s gross non-performing asset (NPA) ratio improved to 1.76% in Q2FY24, indicating better asset quality. However, the net NPA ratio slightly increased to 0.60% in the second quarter.
These positive results demonstrate AU Small Finance Bank’s strong performance and its ability to navigate challenging market conditions. The bank’s focus on prudent lending practices and efficient management of its loan portfolio has contributed to its success.
It is worth noting that AU Small Finance Bank’s growth trajectory remains promising. The bank continues to expand its customer base and enhance its product offerings to meet the evolving needs of its clients.
As always, we will keep you updated on any further developments. Stay tuned for more exciting news and insights from AU Small Finance Bank!
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