AU Small Finance Bank posts 37% jump in Q1 profit

AU Small Finance Bank reported a 37% increase in net profit for the first quarter. The rise came amid stronger loan growth and better asset quality.

The lender's net profit reached Rs 796 crore for the quarter. This compared with the same period a year earlier.

Net interest income rose 32% to Rs 2,695 crore. Gross non-performing assets fell to 2.1% of total loans.

The results reflect continued expansion in the bank's loan portfolio along with tighter credit controls.

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Karur Vysya Bank reported a 45 percent rise in net profit for the first quarter. Earnings reached 756 crore rupees.

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