AU Small Finance Bank Q2 results: Net profit jumps 42% to Rs 571 cr

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AU Small Finance Bank on Wednesday reported a 42 per cent rise in net profit at Rs 571 crore for the quarter ended September 30, 2024 on the back of improvement in interest income.

Net interest income of the bank improved to Rs 1,974 crore in the July-September quarter, from Rs 1,249 crore in the September quarter of 2023, registering a growth of 58 per cent.

However, asset quality of the bank deteriorated with gross non-performing assets (NPAs) rising to 1.98 per cent of gross advances at the end of the September quarter 2024, as against 1.91 per cent a year ago.

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Category: BusinessFinance

Markets: India

Topics: AU Small Finance Bank Q2 revenue AU Small Finance Bank AU Small Finance Bank Q2 profit AU Small Finance Bank Q2 results

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 22:39:03 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23216770

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