AU Small Finance Bank Limited — Investor Meet, 29-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates
29-10-2024 · 06:44 pm
AU Small Finance Bank reported strong growth in Q2 FY25, with total deposits exceeding INR 110,000 crores, a 12.7% quarter-on-quarter increase. Although faced with challenging macroeconomic conditions, the bank maintained stable costs and profitability, achieving a profit after tax of approximately INR 571 crores. The management anticipates sustained performance in retail assets and anticipates a gradual recovery in microfinance credit quality, with an estimated annual credit cost range of 1.28% to 1.5%.
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