AU Small Finance Bank`s total deposits up 48% in Q1FY23
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AU Small Finance Bank’s total deposits grew 48% to Rs 54,631 crore as of June 30, 2022 (Q1FY23), as compared to Rs 37,014 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 52,585 crore as of March 2022.
Gross Advance stood at Rs 49,366 crore as of June 30, 2022, posting a 42% rise in year-on-year (YoY) terms against Rs 34,687 crore as of June 30, 2021 and in quarter-on-quarter (QoQ) basis stood at Rs 46,789 crore in March 2022.
Loan Assets under management (AUM) stood at Rs 50,179 crore as of June 30, 2022, posting a 37% rise in year-on-year (YoY) terms against Rs 36,635 crore as of June 30, 2021. The CASA ratio stood at 39% as of June 30, 2022 versus 26% as of June 30, 2021.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
