AU Small Finance Bank has reported results for second quarter ended September 30, 2022
The bank has reported rise of 23.01% in its net profit at Rs 342.60 crore for Q2FY23 as compared to Rs 278.51 crore for the corresponding quarter previous year. Total income of the bank increased by 40.27% to Rs 2,239.65 crore for the quarter under review as compared to Rs 1596.68 crore for the same quarter in the 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.
