AU Small Finance Bank Ltd News Today

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The aforementioned collaboration is part of both organizations' bigger strategy, and it aligns with their visions of 'Viksit Bharat' and 'Insurance to All'.

Current Account and Savings Account (CASA) deposits were ₹35,520 crore, up 10.9% from the previous quarter.

AU is one of two small financing institutions that are now qualified to apply. The other option is Ujjivan Small Finance Bank.

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The RBI's guidelines do not require a small finance bank to have an identified promoter to transition to a universal bank.

AU Small Finance Bank's pre-provisioning operating profit (PPoP) increased by 81% year on year to ₹988 Crore, up from ₹546 Crore in Q1 FY24.

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