AU Small Finance Bank posts highest-ever quarterly profit of Rs 425 crore in Q4

The bank's total balance sheet grew by 31 percent year-on-year to Rs 90,216 crore. Deposits grew by 32 percent year-on-year to Rs 69,365 crore.

"Amidst a difficult market, we have managed to grow our deposit book while keeping our CASA ratio stable and making our deposits more granular and retail. Our asset quality has also improved further this year with net NPA coming down to 0.4 percent," said Sanjay Agarwal, MD and CEO of AU Small Finance Bank.

The board of directors of the bank has recommended a dividend of Rs 1 per equity share (10 percent of face value) from the net profit for the year ended March 2023, subject to the approval of shareholders.

AU started its banking operations in April 2017, and as on March 31, 2023, it has established operations across 1,027 banking touchpoints.

Shares of AU Small Finance Bank ended at Rs 660.15, down by Rs 3.85, or 0.58 percent on the BSE.