With the onset of the festive season, Au Small Finance Bank is anticipating credit demand to pick in the coming quarters. The lender also believes its recovery, as measured by collection efficiency, will remain upward of 100 per cent in the next few months.
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.
