AU Small Finance Bank's loans grow 42 % YoY in Q1 on positive sentiment

AU SFB said that the retail-to-wholesale loan ratio stood at about 90:10 as of June 2022, versus around 88:12 as of March 31, 2022

Country’s largest small finance lender, AU Small Finance Bank (SFB) posted a 42 per cent year-on-year (YoY) growth in credit to Rs 49,366 crore in the first quarter ended June 2022 (Q1FY23).

Its gross advances stood at nearly Rs 34,687 crore at end of June 2021 (Q1FY22). Sequentially, advances expanded by six per cent from Rs 46,789 crore at end of March 2022 (Q4FY22).

AU SFB, in a BSE filing, said that the retail-to-wholesale loan ratio stood at about 90:10 as of June 2022, versus around 88:12 as of March 31, 2022.

The loan disbursements grew 345 per cent YoY