Casa ratio stood at 33.9% as on 30 September 2023 as compared with 42.3% as on 30 September 2022 and 35% as on 30 June 2023.

Gross advance jumped 24% to Rs 65,029 crore as on 30 September 2023 from 52,452 crore as on 30 September 2022.

For Q2 FY24, the average cost of funds (COF) was 6.70%, an increase of 12 basis point (bps) over Q1 FY24 at 6.58%.

Management Commentary – During Q2FY24, domestic inflationary pressure was higher, and the monsoon progress remained below historical average for the month of August. This, coupled with global macro, ensured that the interest rates remain elevated, and the systemic liquidity continued to remain tight. Amidst this backdrop, Bank once again delivered a stable quarter with growth seen across deposits and disbursements

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 44.4% jump in net profit to Rs 386.90 crore in Q1 FY24 as compared with Rs 267.87 crore in corresponding quarter last year. Total income increased by 40.1% to Rs 2,773.46 crore in Q1 FY24 as compared with Rs 1,979.35 crore in Q1 FY23.

The scrip declined 1.63% to Rs 692.35 on the BSE.