The bank's provisions and contingencies surged 283% to Rs 150.57 crore in Q4 March 2020 over Q4 March 2019. The bank created a COVID-19 provisioning of Rs 138 crore in Q4 March 2020 other than Standard Asset NPA and NPA provisioning.

The bank's gross non-performing assets (NPAs) stood at Rs 457.78 crore as on 31 March 2020 as against Rs 503.99 crore as on 31 December 2019 and Rs 470.13 crore as on 31 March 2019.

The ratio of gross NPAs to gross advances stood at 1.68% 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 0.81% as on 31 March 2020 as against 1.01% as on 31 December 2019 and 1.29% as on 31 March 2019.

Net Interest Income (NII) grew 43% year-on-year (YoY) to Rs 555 crore during Q4 March 2020 from Rs 387 crore in Q4 March 2019. Capital adequacy ratio stood at 21.99% in Q4 March 2020, up from 19.31% reported in the same period last year.

Commenting on the bank's performance, Sanjay Agarwal, MD & CEO, AU Small Finance Bank said, "Despite the economic headwinds in FY20, AU Bank witnessed a healthy growth of 56% in our operating profits. We continue to maintain extremely comfortable capital adequacy and enough liquidity. Our asset quality improved further as reduced our Gross and Net NPAs. The bank holds ample provisions against the potential impact of COVID-19 and our provisions are in excess of the prescribed regulatory norms. Our granular approach, strong underwriting, robust collections and higher collateral levels always helped us keeping our NCLs in check. Retail Deposits continues to be forthcoming and remain core to our liability strategy. We have been learning from the ongoing adversity and striving to emerge stronger as an organization. Today I personally opted to forgo my salary for the financial year 2020-21 and pledged to donate 25 Lac company shares from my personal ownership with an intent to support employees, customers and the community at large for fighting the Coronavirus pandemic."

Shares of AU Small Finance Bank hit a lower circuit of 5% at Rs 516.55. Meanwhile, the S&P BSE Sensex was down 1275.91 points or 3.78% at 32,441.71.

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.