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.
HDFC Securities Retail Research Report
AU Small Finance Bank Ltd. is a scheduled commercial bank and the largest small finance bank in the country. Its assets under management has grown at a robust level of 32.5% compound annual growth rate over FY18-21.
The bank offers varied range of product portfolio both in asset and liability side. However, vehicle financing (36% of advances) and micro small and medium enterprise loans (39% of advances) remains the core of the portfolio.
AU Small Finance Bank has scaled its operations via building 794 branch network but the geographic concentration of the bank remains high with 42% of the assets and 28% of the liabilities coming form only from one state- home state Rajasthan.
The liability profile of the bank also remains modest with lower current accounts and savings account ratio (30% as of Q2 FY22) and high share of bulk term deposit.
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