AU Small Finance Bank Q1 Review - Continues To Display Strong Business Resiliency: ICICI Securities

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.AU Small Finance Bank Ltd. reported strong all-round Q1 FY22 financial performance with negative net slippages, collection (114%) reaching pre-Covid-19 level in June 2021, sustained momentum in deposit mobilisation (up 38% YoY) and disbursement in July 2021 at Rs 13 billion (at normalised level). Digital journey is progressing well, as reflected in accelerated digital adoption post AU Small Finance Bank's 0101 banking app launch with two times increase in daily registration, 25% in monthly active users and 100,000 QRs with 60% activation rate.Total Emergency Credit Line Guarantee Scheme plus gross non performing loans plus restructuring pool stand at ~10% of loans despite Covid-19 led challenges is outcome of its granular asset book with conservative loan-to-values and expertise in underwriting new-to-credit (formal) customers. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

AU Small Finance Bank Q1 Review - Continues To Display Strong Business Resiliency: ICICI Securities

AU Small Finance Bank Q1 Review - Continues To Display Strong Business Resiliency: ICICI Securities

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