High provisions dent earnings; asset quality deteriorates

29 Jan 2024
5 Min read 
  • AU Small Finance Bank reported a decline in PAT in 3QFY24 due to higher provisions and deteriorating asset quality.
  •  Earnings are expected to improve in FY25.
  •  Net interest income and operating profits showed growth YoY.
  •  Asset quality deteriorated with an increase in GNPA and NNPA ratios.
  •  The bank expects NIM to be at the lower end of the guided range for FY24.
  •  Loan growth is expected to be around 26-27% YoY by the end of FY24.
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