AU Small Finance Bank Limited — Credit Ratings, 01-12-2025: Credit Rating

CARE Ratings reaffirmed AU Small Finance Bank's Long-Term Tier-II Bonds at CARE AA; Stable and Short-Term Certificates of Deposit at CARE A1+. It also assigned CARE AA; Stable to Infrastructure Bonds. The ratings reflect strong capital, healthy profitability, and business growth. However, credit costs remain elevated and asset quality (GNPA 2.41%) in microfinance/credit cards is a monitorable, despite a robust secured book.