AU Small Finance Bank has posted 5% growth in total deposits at Rs 61,101 crore (provisional) for the third quarter ended December 31, 2022 (Q3FY23) as compared to Rs 58,335 crore in Q2FY23, on a quarterly basis. The CASA Ratio stood at 38% as of December 31, 2022 versus 42% as of September 30, 2022. On a quarterly basis, its gross advances stood at Rs 56,335 crore (provisional) as of December 31, 2022, posting a 7% rise against Rs 52,452 crore as of September 30, 2022.
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.
