AU Small Finance Bank Limited — Important, 23-10-2024: General Updates

AU Small Finance Bank reported strong Q2 results, with a 12.7% QoQ growth in deposits, totaling ₹1,09,693 Cr, and a 5.3% increase in gross loans, reaching ₹1,05,031 Cr. Net profit grew 14% QoQ to ₹571 Cr. The bank maintains a stable NIM of 6.1% and aims for a full-year loan and deposit growth of about 25%. It plans to transition to a Universal Bank to enhance its growth sustainability.