AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
AU's gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs 359 crore against Rs 481 crore. Net NPA ratio improved by 7 bps to 0.81%. Annualised credit cost improved by 45 bps to 0.8% from 1.2% over…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishQuarterly results of a mid-sized bank, with improving asset quality.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The gross NPA ratio fell 42 basis points to 1.99% at the end of September.
- 02Provisions dropped 25% to Rs 359 crore from Rs 481 crore.
- 03The net NPA ratio improved by 7 basis points to 0.81%.