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AU Small Finance Bank posts 37% YoY drop in net profit, NII up 29.5%

Net interest income (NII) for the period rose 29.5 percent on-year to Rs 820.4 crore.

January 28, 2022 / 09:27 PM IST
AU Small Finance Bank

AU Small Finance Bank

AU Small Finance Bank on January 28 reported a 36.9 percent year-on-year (YoY) drop in its net profit at Rs 302 crore for the third quarter of the financial year 2021-22 (Q3FY22). On a sequential basis, the profit, however, rose 11.2 percent.

Net interest income (NII) for the period rose 29.5 percent on-year to Rs 820.4 crore.

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The lender's gross non-performing assets (GNPAs) ratio came in at 2.6 percent as against 0.99 percent a year earlier. In the previous quarter, it stood at 3.2 percent. Net NPA was 1.29 percent against 1.65 percent in the September quarter and 0.24 percent in the corresponding quarter of the previous fiscal.