AU Small Finance Bank on Monday announced its business update for 31 March 2020.
AU Small Finance Bank reported a 34% jump in aggregate deposit to Rs 26,163 crore in 31 March 2020 as compared to Rs 19,422 crore in 31 March 2019. The bank's CASA ratio declined to 16% in March 2020 from 21% posted in March 2019.The ratio of gross NPAs to gross advances stood at 1.9% as on 31 March 2020 as against 1.88% as on 31 December 2019 and 2.04% as on 31 March 2019. The ratio of net NPAs to net advances stood at 0.97% as on 31 March 2020 as against 1.01% as on 31 December 2019 and 1.29% as on 31 March 2019.
AU Small Finance Bank's Capital Adequacy Ratio grew to 21.25% on 31 March 2020 from 19.31% posted on 31 March 2019.
Shares of AU Small Finance Bank were trading 4.55% higher at Rs 488.25 in pre open session.
AU Small Finance Bank operates as a commercial bank. The bank offers financial products and services such as savings and current accounts, term deposits, debit cards, insurance, government banking, retail loans, and microfinance lending.
The bank reported 99.5% jump in net profit to Rs 190.20 crore in Q3 December 2019 as compared to Rs 95.33 crore in Q3 December 2018.
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