<p>AU Small Finance Bank on Saturday reported a 44 per cent rise in net profit at Rs 387 crore in the June quarter helped by growth in interest income.</p>.<p>The Jaipur-based lender had posted a net profit of Rs 268 crore in the year-ago period.</p>.<p>Total income in the first quarter of the current fiscal rose to Rs 2,773 crore from Rs 1,979 crore in the same period a year ago, AU Small Finance Bank said in a regulatory filing.</p>.<p>Interest earned by the bank improved to Rs 2,458 crore over Rs 1,820 crore in June 2022.</p>.<p>Net interest income (NII) increased by 28 per cent to Rs 1,246 crore from Rs 976 crore in the same quarter a year ago.</p>.<p>However, the net interest margin declined to 5.7 per cent as compared to 5.9 per cent in the same period a year ago.</p>.<p>Despite Q1 being a seasonally weak quarter for banking, the bank saw growth across its assets and deposits with profitability growing by 44 per cent on an annual basis supported by a strong NII growth of 28 per cent.</p>.<p>The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.76 per cent of gross advances at the end of the June quarter from 1.96 per cent a year ago.</p>.<p>Similarly, net NPAs or bad loans declined to 0.55 per cent as against 0.56 per cent in the year-ago period. Provision coverage ratio remains at 73 per cent including technical write-off and floating provision, it said.</p>.<p>Capital Adequacy Ratio of the bank increased to 21.46 per cent as compared to 19.36 per cent at the end of June 2022.</p>
<p>AU Small Finance Bank on Saturday reported a 44 per cent rise in net profit at Rs 387 crore in the June quarter helped by growth in interest income.</p>.<p>The Jaipur-based lender had posted a net profit of Rs 268 crore in the year-ago period.</p>.<p>Total income in the first quarter of the current fiscal rose to Rs 2,773 crore from Rs 1,979 crore in the same period a year ago, AU Small Finance Bank said in a regulatory filing.</p>.<p>Interest earned by the bank improved to Rs 2,458 crore over Rs 1,820 crore in June 2022.</p>.<p>Net interest income (NII) increased by 28 per cent to Rs 1,246 crore from Rs 976 crore in the same quarter a year ago.</p>.<p>However, the net interest margin declined to 5.7 per cent as compared to 5.9 per cent in the same period a year ago.</p>.<p>Despite Q1 being a seasonally weak quarter for banking, the bank saw growth across its assets and deposits with profitability growing by 44 per cent on an annual basis supported by a strong NII growth of 28 per cent.</p>.<p>The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.76 per cent of gross advances at the end of the June quarter from 1.96 per cent a year ago.</p>.<p>Similarly, net NPAs or bad loans declined to 0.55 per cent as against 0.56 per cent in the year-ago period. Provision coverage ratio remains at 73 per cent including technical write-off and floating provision, it said.</p>.<p>Capital Adequacy Ratio of the bank increased to 21.46 per cent as compared to 19.36 per cent at the end of June 2022.</p>