Motilal Oswal: AU Small Finance Bank - Growth Momentum Seeing Steady Revival; Collection Trends Holding Well
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Motilal Oswal Report
We interacted with Mr Sanjay Agarwal – Managing Director and Chief Executive Officer of AU Small Finance Bank Ltd.
Key insights from the discussion are highlighted below -
Growth momentum seeing steady revival; digitalization remains key focus area, the bank highlighted that overall business activity has reached approximately 95% of pre-Covid-19 levels, barring certain sectors, such as education, tourism, travel, and tetail.
This is led by a healthy uptick in the semi-urban and rural regions, which have achieved normalcy.
Incremental disbursements in the passenger vehicle portfolio (Ola/Uber) have also picked up gradually.
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