RBI Clears AU SFB's Universal Bank Shift

  Published 8 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.
You might like these

Sensex Slips 263 pts; Pharma, IT Drag

India's FDI Trends: Q4 Dip FY Growth

RBI Updates CCR Add‑On Factors

GST Collection Rises, Faces Global Headwinds

Groww Files for $700M, $1B IPO

RBI Says Inflation Battle Not Over

Jindal Steel Launches Advanced Galvanising Line in Odisha

News that matters the most ⚡