Branch2 Intelligence
AU Small Finance Bank's deposits rise 24%, loan book grows 23% in Q1
Key takeaway
AU Small Finance Bank reports 24% deposit growth and 23% loan book expansion in Q1.
- Step 11st-order: AU Small Finance Bank reports 24% deposit growth and 23% loan book growth, with CASA up 21.9%.
- Step 22nd-order: Improved CASA ratio lowers cost of funds, expanding net interest margin.
- Step 33rd-order: Higher profitability attracts investor interest, potentially re-rating the stock.
Source: CNBC TV18 (Markets)
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