AU Small Finance rallies 11% as GNPAs remain stable in Q1 despite lockdown

The bank's absolute GNPA in April-June quarter (Q1FY22) was broadly stable QoQ as net additions (slippages, net of recoveries and upgrades) to GNPA declined by Rs 8 crore

Shares of AU Small Finance Bank rallied 11 per cent at Rs 1,142 on the BSE in the intra-day trade on Tuesday after the lender said its absolute gross non-performing assets (GNPA) in April-June quarter (Q1FY22) were broadly stable on a sequential basis as net additions (slippages net of recoveries and upgrades) to GNPA declined by Rs 8 crore.

Effectively, the GNPA ratio is expected to stay around 4.3 per cent (stable QoQ). On the other hand, total restructured loans increased to around 3.8 per cent (v/s 1.8 per cent in FY21).

Meanwhile, total assets under management (AUM)