AU Small Finance Bank has reported results for third quarter ended December 31, 2022.
The bank has reported rise of 30.06% in its net profit at Rs 392.83 crore for Q3FY23 as compared to Rs 302.05 crore for the corresponding quarter previous year. Total income of the bank increased by 36.16% to Rs 2,412.96 crore for the quarter under review as compared to Rs 1,772.09 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.