AU Small Finance Bank, in its provisional performance report for the quarter ending December 31, 2024, has posted robust growth in deposits and advances, highlighting the bank’s consistent expansion post its merger with Fincare Small Finance Bank.
Key Highlights:
- Total Deposits:
- Grew by 14.9% year-on-year to ₹1,12,260 crore.
- Sequential quarter growth stood at 2.3%.
- CASA Deposits:
- Marginal decline of 3.2% QoQ, settling at ₹34,400 crore.
- Annual growth of 9.4% was observed.
- Gross Advances:
- Recorded an impressive 16.8% YoY growth, reaching ₹1,00,990 crore.
- Quarter-on-quarter growth stood at 5.2%.
- Gross Loan Portfolio:
- Expanded to ₹1,08,920 crore, marking a 12.9% YoY increase and 3.7% QoQ growth.
- CASA Ratio:
- Declined to 30.6% from 32.4% in the previous quarter.
Operational Note:
The figures include the merged operations with Fincare SFB, effective from April 1, 2024. The data provided is provisional, subject to audit and approval by the Audit Committee and Board of Directors.
Outlook:
The continued rise in deposits and advances underlines AU Small Finance Bank’s strong market position and growth strategy in the competitive small finance banking sector. The slight dip in CASA ratio reflects an evolving depositor profile post-merger, which the bank is likely to address in the coming quarters.
