AU Small Finance Bank Investing For Future; Strategically Expanding Footprints: ICICI Securities
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ICICI Securities Report
At a time when AU Small Finance Bank Ltd.’s most peers are either grappling with lower collections or sounding cautious in growing balance sheet, it remains committed in utilizing its strong operational performance to invest for the future.
The addition of approximately 186 banking touch-points and ~2,000 headcounts since March-20 during the most challenging times reflect the bank’s unwavering focus on strengthening asset franchise.
It delivered robust ~42% assets under management compound annual growth rate between FY18-20 - highest within listed small finance bank space and added infrastructure would ensure the sustainability of high growth over the near term.
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