AU Small Finance Bank has reported results for first quarter ended June 30, 2022.
The bank has reported 31.83% rise in its net profit at Rs 267.87 crore for the quarter under review as compared to Rs 203.20 crore for the same quarter in the previous year. Total income of the bank increased by 26.21% at Rs 1,979.35 crore in Q1FY23 as compared Rs 1,568.25 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 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.
