AU Small Finance Bank net profit up 68% on strong expansion in NII

AU Small Finance Bank’s net profit rose 68 per cent year-on-year (YoY) to Rs 302 crore in the third quarter of FY22) on robust expansion in net interest income (NII) and normalisation in provisions. It had posted net profit of Rs 180 crore in Q3FY21. The Jaipur-based lender’s net interest income (NII) rose 30 per cent to Rs 820 crore in Q3 from Rs 633 crore in the year-ago quarter. Its net interest margins improved to 6.3 per cent in Q3Fy22 from 5.9 per cent a year ago.
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