AU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator. AU has Rs 12,560 crore of net worth, made profits for the last two fiscals, and its gross and net non-performing assets were less than 3% and 1% respectively during the period as prescribed by RBI. It also has a well-diversified loan book as desired by the regulator.
Shoppers are excited to get out, but may start reconciling their accounts towards mid-year; it’ll be interesting to see where it goes: John Jack – CEO, Galetti Corporate Real Estate.