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.
Key takeaway from AU Small Finance Bank Ltd.’s FY21 annual report is the display of business resiliency during challenging times.
This is reflected in 38% YoY growth in deposits with 86 basis points decline in cost of funds and 22% YoY growth in assets with best-in-class asset quality.
Further, the bank remained focused on achieving the fastest growth to Rs 1 trillion book size with a client base of more than10 million from currently ~2 million.
Journey to become a pan-India retail bank remained on track with AU Small Finance Bank entering five new states and addition of more than 5,000 new members to further strengthen and fortify its workforce.
Click on the attachment to read the full report:
This 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.