AU Small Finance Bank - Robust Business Momentum; Healthy Collection Efficiency: Motilal Oswal

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..Motilal Oswal Report.AU Small Finance Bank Ltd. has released its business update for Q3 FY22. Here are the key highlights:AU Small Finance Bank reported a strong sequential growth of 10.6% (up 26.5% YoY) in total assets under management to ~Rs 420 billion. On a gross advances basis, it witnessed a growth of 11.9% QoQ (up 33.4% YoY). The bank saw a significant improvement in the overall business environment, which resulted in strong disbursements. In Q3 FY22, disbursements were up 59% QoQ at Rs 81.5 billion. Disbursements included Emergency Credit Line Guarantee Scheme of ~Rs 0.5 billion in Q3 FY22. The bank is witnessing strong traction in the credit cards business.On the liability front, total deposits grew ~49% YoY and 13.4% QoQ to Rs 443 billion. This was led by robust current account and savings account growth..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 - Robust Business Momentum; Healthy Collection Efficiency: Motilal Oswal

AU Small Finance Bank - Robust Business Momentum; Healthy Collection Efficiency: Motilal Oswal

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