AU Small Finance Bank Sees Robust Growth in Deposits, Advances, and Income in Q2 FY22

4 Oct 2023 , 10:59 AM

Small finance bank’s total deposits surge by 45% to Rs 39,034 crore as of 30 September 2021 from Rs 26,980 crore on 30 September 2020. CASA ratio improves to 30% as of 30 September 2021, a growth from 26% on 30 June 2021 and 20% on 30 September 2020. 

Based on available data, the Average cost of funds reduces to 6.1% in Q2 FY22 compared to 7% in Q2 FY21. Gross advances increase by 5% quarter on quarter and 32% year on year to Rs 36,405 crore as of 30 September 2021.

Loan AUM grows by 24% YoY to Rs 38,011 crore as of 30 September 2021, a 4% increase from Rs 36,635 crore on 30 June 2021. Disbursements in Q2 FY22 reach Rs 5,135 crore, compared to Rs 3,268 crore in Q2 FY21.

Collection efficiency remains strong, with rates at 109% in September 2021, 107% in August 2021, and 110% in July 2021. AU Small Finance Bank reports a 1.2% increase in net income to Rs 203.2 crore and a 9.1% rise in total income to Rs 1,537.68 crore in Q1 FY22 over Q1 FY21.

The bank operates across 744 banking touchpoints, serving 20.2 lakh customers in 15 states and 2 union territories as of 31 March 2021.

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