BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Key takeaway from AU Small Finance Bank Ltd.’s FY21 annual report is the display of business resiliency during challenging times.
This is reflected in 38% YoY growth in deposits with 86 basis points decline in cost of funds and 22% YoY growth in assets with best-in-class asset quality.
Further, the bank remained focused on achieving the fastest growth to Rs 1 trillion book size with a client base of more than10 million from currently ~2 million.
Journey to become a pan-India retail bank remained on track with AU Small Finance Bank entering five new states and addition of more than 5,000 new members to further strengthen and fortify its workforce.
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