The bank's total deposits have risen by 14% from Rs 61,101 crore reported in the quarter ended 31 December 2022.

CASA ratio stood at 38.4% in the quarter ended 31 March 2023 as against 37.3% in the quarter ended 31 March 2022 and 38.4% in the quarter ended 31 December 2022.

Gross advances rose by 26% to Rs 59,158 crore in the quarter ended 31 March 2023 from Rs 46,789 crore in the quarter ended 31 March 2022.

On a sequential basis, the loan book has increased by 5%. Gross advances in the quarter ended 31 December 2022 aggregated to Rs 56,335 crore.

The banks said that the average cost of funds (COF) for FY23, at 5.96%, was 1 basis point (bps) higher than full year COF of FY22 at 5.95%. For Q4 FY23, the average COF was up 32 bps QoQ at 6.29% as against 5.97% in Q3 FY23.

The bank's management stated: "FY23 was a year of uncertain macro and global headwinds with tighter liquidity and higher inflation leading to significant increase in interest rates and stronger competition for deposits.

Amidst this challenging and unsettled environment, the Bank delivered a consistent and strong performance across parameters while continuing to progress on the journey of building a standardised, scalable and sustainable banking franchise across deposits, assets and digital banking.”

The management further said that the bank continued its approach of calibrating funding mix with focus on optimising cost of funds and securitised asset portfolio of Rs 3,064 crore during Q4 FY23 taking the total assigned (securitised) book to Rs 4,914 crore as against Rs 2,251 crore as on 31s December 2022 and Rs 1,206 crore as on 31 March 2022.

The asset quality and collection trends continued to be strong and was among the best quarter for FY23. The bank continued to maintain healthy liquidity buffers and there was no additional MTM in Q4 FY23.

The bank's credit card business has now reached approximately 5 lakh cards with monthly spends crossing Rs 1,000 crore in March 2023 and the QR code deployment has crossed 1 million mark.

AU Small Finance Bank (AU SFB/AU) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country.

The bank reported 30% jump in net profit to Rs 393 crore on a 41% rise in net interest income to Rs 1,153 crore in Q3 FY23 over Q3 FY22. Total income increased by 36% YoY to Rs 2,413 crore in Q3 FY23.

The scrip shed 0.70% to currently trade at Rs 558.85 on the BSE.