AU Small Finance Bank has reported 30% rise in total deposits to Rs 75,743 crore as of September 30, 2023 (Q2FY24) as compared to Rs 58,335 crore as of September 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 69,315 crore as of June 2023. Its gross advances were up by 24% to Rs 65,029 crore in Q2FY24 as against Rs 52,452 crore as of September 30, 2022.
Its CASA deposits grew 4% to Rs 25,666 crore as of September 30, 2023, as compared to Rs 24,674 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 24,286 crore as of June 2023. CASA Ratio stood at 33.9% as of September 30, 2023 as compared to 35% as of June 30, 2023.
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.
