AU Small Finance Bank has reported results for first quarter ended June 30, 2018.
The Bank has reported 24.24% rise in its net profit at Rs 76.82 crore for the quarter under review as compared to Rs 61.83 crore for the same quarter in the previous year. Total income of the Bank increased by 69.07% at Rs 703.33 crore for Q1FY19 as compared Rs 415.99 crore for the corresponding quarter previous year.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused non-banking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
