RBI Clears AU SFB's Universal Bank Shift

  Published 11 months ago

AU Small Finance Bank gets RBI nod to become a universal bank; Q1 profit up 16% despite margin dip.

  • Net profit rose 16% YoY to Rs 581 crore in Q1, aided by strong treasury gains.
  • Net interest margin declined 38 bps to 5.4% amid asset quality challenges.
  • Bank operates 2,505 touchpoints with 1.15 crore customers and 53,000+ staff across India.
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