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AU Small Finance Bank reports 34% rise in Q2 net profit

AU Small Finance Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported 33.97% rise in its net profit at Rs 91.42 crore for the quarter under review as compared to Rs 68.24 crore for the same quarter in the previous year. Total income of the bank increased by 60.25% at Rs 805.88 crore for Q2FY19 as compared Rs 502.88 crore for the corresponding quarter previous year.

AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused non-banking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.

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