Two-thirds of the bank is run from Mumbai, says AU SFB's Sanjay Agarwal

AU SFB MD & CEO Sanjay Agarwal says some clean up is expected in the third and fourth quarters, which will help in reducing NPAs

AU Small Finance Bank was in the news a few months back for some high level exits which resulted in a sharp fall in its share price. In an exclusive interaction, AU SFB’s MD & CEO Sanjay Agarwal talks to Manojit Saha about the bank’s human resource policies and the reasons behind the lender's healthy performance in the September quarter. Edited excerpts:

AU SFB's net profit grew 42% year-on-year (excluding a one-time gain in Q2FY21) to Rs 279 crore, on the back of a 37% y-o-y increase in Net Interest Income (NII). What is the reason behind the strong growth