AU Small Finance Bank
conducted conference call on 19 January 2023 to discuss its financial results
for the quarter ended December 2022. Sanjay Agarwal, MD&CEO of the bank
addressed the call:
Highlights:
The bank has delivered
highest ever net profit of Rs 396 crore in the quarter and the December 2022
with strong performance across all parameters.
The bank has added 42
branches crossing the network of more than 1000 touchpoints in Q3FY2023. The bank
has presence across 21 states and three union territories. The bank has
expanded to Andhra Pradesh and Kerala in the quarter ended December 2022.
The deposits of the bank
increased 38% yoy and 5% qoq. The Casa and retail deposit accounted for 70% of
the total deposits.
The cost of deposits rose 14
bps in the quarter ended December 2022. The bank is on track to deliver stable
margins in FY23 over FY22.
The loan demand remains strong
across all products category.
The disbursements were above
Rs 10000 crore in the quarter ended December 2022.
The asset quality of the
bank continued to remain resilient.
Balance sheet of the bank
has crossed to Rs 80000 crore mark.
About 81% of the book of the
bank is built after covid and the NPA ratio on this book is low at 0.8%.
The restructured loan book
of the bank has also declined to 1.4% end December 2022.
The bank has added 3.3 lakh
new customers in the quarter in December 2022.
The automation process is progressing
well and the bank has automated more than 150 processes.
The bank has 4 lakh credit
cards base and it adds 35000 cards on monthly basis.
In the wheels segment, the personal
segment accounts for 44%, wholesale 46% and tractors 10%.
The GNPA ratio in the wheels
segment stands at 2.32% with collection efficiency of over 100%.
The GNPA ratio in the small
business loans segment stands at 2.68% with collection efficiency of over 100%.
The home loan book has a
GNPA ratio of 0.42% end December 2022.
The GNPA ratio of the commercial
banking book is 0.3%, while most of book is on floating rate base.
The advances increased 38%
with retail advances rising 27% and wholesale rising 70%. The Retail-Wholesale loan
mix stood at 80-20%.
Within retail loan book, the
wheels segment grew 25% and small business loans were up 18%.
The newly launched products like
gold loans, consumer durable loans, personal loans, housing loans, and OD
against FD are showing healthy growth.
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