AU Small Finance Bank has reported results for second quarter ended September 30, 2024 (Q2FY25).
The Bank has reported 42.15% rise in its net profit at Rs 571.21 crore for the quarter ended September 30, 2024 as compared to Rs 401.83 crore for the same quarter in the previous year. Total income of the Bank increased by 54.85% at Rs 4,548.58 crore for Q2FY25 as compared to Rs 2,937.48 crore for the corresponding quarter 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.
