AU Small Finance Bank looking at 30% asset growth for five years

AU Small Finance Bank plans to raise fresh equity capital in the current financial year depending on market conditions.

AU Small Finance Bank expects to grow its balance sheet (assets) by 30 per cent year-on-year basis for five years. It plans to raise fresh equity capital in the current financial year (FY23) to support business growth.

The Jaipur-based lender witnessed a growth of 34 per cent YoY in its assets to Rs 69,078 crore by end of March 2022 from Rs 51,591 crore a year ago. Its asset base was Rs 9,781 crore at the end of March 2017.

Sanjay Agarwal, managing director & chief executive officer told Business Standard that along with 35-40 per cent growth YoY in