AU Small Finance Bank’s total deposits grew 45% to Rs 39,034 crore as of September 30, 2021 (Q2FY22), as compared to Rs 26,980 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 37,014 crore as of June 2021. Gross Advance stood at Rs 36,405 crore as of September 30, 2021, posting a 32% rise in year-on-year (YoY) terms against Rs 27,534 crore as of September 30, 2020 and in quarter-on-quarter (QoQ) basis stood at Rs 34,687 crore in June 2021.
Loan Assets under management (AUM) stood at Rs 38,011 crore as of September 30, 2021, posting a 24% rise in year-on-year (YoY) terms against Rs 30,590 crore as of September 30, 2020. The CASA ratio stood at 30% as of September 30, 2021 versus 26% as of June 30, 2021.
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.
