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AU Small Finance Bank reports 30% rise in Q3 net profit

20 Jan 2023 Evaluate

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.

Peers
Company Name CMP
HDFC Bank 704.25
ICICI Bank 1345.00
Axis Bank 1256.00
Kotak Mahindra Bank 443.00
Indusind Bank 852.90
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