The bank has taken a one-time pre-tax exceptional impact of Rs 77 crore in the fourth quarter towards Fincare merger-related expenses including stamp duty. The banks board has recommended a dividend of Re 1 per equity share of face value of Rs 10 for FY24.
Sensing the possibility of overheating, the RBI recently increased the risk weightage for unsecured loans, requiring higher capital allocation for both banks and NBFCs.
Despite having a robust balance sheet, the banking sector confronts an array of challenges. The BT-KPMG Best Banks and NBFCs Survey 2022-23 honours those that have succeeded in spite of the headwinds - Issue Date: Mar 31, 2024
AU SFB Q3 results: The bank reported an improvement in gross non-performing asset (NPA) which stood at 1.98 percent, down from 1.81 percent from last year
The largest small finance bank saw its advance portfolio rising to Rs 67624 crore while gross deposits were at Rs 80120 crore. The bank securitized loan portfolio of Rs 2,738 crore during the quarter to diversify funding profile and optimise cost, according to the provisional quarterly data filed with the stock exchanges.