AU Small Finance Bank‘s total deposits in the first quarter of FY2022 stood at Rs 37,014 crore, up 38% from Rs 26,734 crore in the same quarter last fiscal. The deposits were 3% higher from Rs 35,979 crore in the March 2021 quarter. CASA ratio was at 26% versus 23 percent Quarter on Quarter (QoQ) and versus 14% Year on Year (YoY).Gross advances during the quarter stood at Rs 34,688 crore, up 31% from Rs 26,534 crore, YoY and down 2% from Rs 35,356 crore, QoQ.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking 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.