AU Small Finance Bank Q4 profit rises by 18% to 504cr
Jaipur: AU Small Finance Bank on Tuesday reported 18% rise in profit at Rs 504 crore for March quarter FY25 on account of an increase in core income. The bank's net profit was Rs 428 crore in the year-ago quarter. During the latest fourth quarter, the bank's total income increased to Rs 5,031 crore from Rs 3,385 crore in Q4FY24, AU Small Finance Bank (AU SFB) said here.
Net Interest Income (NII) grew 57% to Rs 2,094 crore compared to Rs 1,337 crore in the year-ago period, it said. Net Interest Margin (NIM) for Q4FY25 stood at 5.8% compared to 5.1% in Q4FY24, it said. Net profit of the bank in full financial year 2024-25 rose 32% to Rs 2,106 crore from Rs 1,591 crore in the previous fiscal.
The Jaipur-based bank declared a dividend of Re 1 per share for FY25 subject to shareholders' approval. However, the bank witnessed some deterioration in its asset quality with gross and Net NPAs NPA (non-performing asset).
Sanjay Agarwal, MD & CEO ofAU SFB said, "As we enter FY26, the economic outlook remains uncertain, driven largely by global factors such as tariff war and geopolitical developments."
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
35 & Earning? Protect Your Family with ₹1 Cr Life Cover
ICICI Pru Life Insurance Plan
Get Quote
Undo
However, India is comparatively well-positioned, with both the central government and the RBI implementing supportive measures — including tax rationalization, interest rate cuts, and the injection of durable liquidity into the banking system, he said.
AU SFB in April 2024 amalgamated Fincare Small Finance Bank, marking the first such consolidation in the sector. In an all-stock merger deal first announced on October 29, 2023, where the shareholders of Fincare SFB received 579 shares in AU SFB for every 2,000 equity shares held in Fincare SFB, the merger received final approval from RBI on March 4, 2024, with the effective date of April 1, 2024. tnn
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
UP releases academic calendar 2025-26 for state universities and colleges
Lucknow: The UP govt on Monday released the academic calendar for 2025-26 for the state universities and their associated colleges. Accordingly, classes for newly enrolled students in the first semester will begin on July 26. For those in the third and fifth semesters, teaching will begin on July 21. Universities have been asked to finish admissions by July 24. An order by principal secretary, higher education, MP Agarwal said that universities must conduct a one-week induction programme as per UGC guidelines before and after classes from July 26-30. Agarwal directed the registrar of the universities to ensure that NEP 2020 is implemented in all courses except law and medicine. Universities and colleges have been asked to prepare their annual activity calendar in view of the academic calendar and upload it on their website, according to which all the curricular and non-curricular activities will be conducted throughout the year. Directives have been issued to universities to begin evaluation simultaneously with the examinations and finish it within a week after examinations end. Universities must complete non-academic activities without disrupting the teaching work. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Beautiful Women In The World Undo In situations where there are fewer teaching days, universities must conduct extra classes, both offline and online. University examinations will be conducted twice a year, from Nov 11, 2025, to Dec 10, 2025 (Odd semester), and Apr 11, 2026, to May 10, 2026 (Even semester and annual exam). Universities are recommended to make a list of courses available on SWAYAM for minor papers and skill courses. Students can study these courses selected by their universities on SWAYAM for free and appear for examinations. All universities will map the courses online on SWAYAM and upload their list on the website and ensure its credit transfer. Agarwal instructed the universities to close all admissions by July 26. The registrar will be held responsible for any delay in the admissions. If a student is unable to take admission due to pending results for exams like CUET, then the university can permit such students if seats are vacant. The order also said that teachers should conduct the continuous internal evaluation (CIE) of the students along with teaching work. The university will not conduct any kind of mid-term examinations or internal examinations for CIE. Instead of examinations for evaluation, teachers will carry out a comprehensive evaluation of students based on suggestions given by the govt. In addition, the controller of examinations has been asked to ensure transparency in practical examinations, for which all educational institutions will live stream or upload practical examinations on their institution's YouTube channel (to be created in case institutions don't have one). Agarwal suggested that all universities conduct the examination of the odd semester in written, descriptive mode and the examination of the even semester in multiple-choice question (MCQ) mode. This, he said, will ensure the timely completion of examinations and results.
Time of India
34 minutes ago
- Time of India
Granite polishing units in Prakasam fear closure
1 2 Vijayawada: Thousands of daily workers in Chimakurthy, a granite town in Prakasam district, are struggling to find work as small and medium-sized granite polishing units face the threat of closure due to the entry of big companies into the polishing segment. These small and medium units, numbering around 200, have been handling a substantial volume of business for the past three to four decades, procuring stocks from granite quarries and selling the polished granite to exporters. The polishing units have been responsible for cutting, polishing, and managing equipment and manpower costs, while quarry owners have made direct profits from exporters. This system allowed exporters to enjoy profit margins without investing in labor and machinery. The middle-segment polishing units have been creating massive employment opportunities for both locals and migrant workers, with approximately two lakh people working in various polishing and cutting units in and around Chimakurthy. Each small polishing unit used to handle around 20,000 cubic meters of stock and purchase about 200 containers of stock from quarry managements, supplying the polished granite to big exporters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Seniors Qualify For the New 87¢ Generic Viagra - See How Health Alliance by Friday Plans Learn More Undo However, the entry of big corporate firms into the polishing segment has altered the industry's dynamics. Each big firm is handling around 1 to 1.5 lakh cubic meters of stock, equivalent to the stock processed by nearly 15-20 small firms. According to sources, around 20 big companies have started operations in Prakasam district, each with the capacity to process about 1.5 lakh cubic meters of stone. This means that just 20 firms are processing a volume equivalent to that of 200 small companies. The big firms have the capacity to handle even more stock in the future due to their advanced machinery, which requires significantly less manpower. Each big unit is reportedly procuring over 150-200 containers of granite per month, equivalent to the entire stock procured by all the small units combined. The granite quarry owners are also supporting the big firms, reportedly making advance payments of Rs 2-4 crore per month. The small polishing unit owners are struggling to survive, and one owner, Raghunatha Reddy, stated that the entry of big firms with advanced machinery and their influence over quarry managements has crippled the industry. The small units cannot survive unless govt intervenes and provides them with some stock.
Time of India
34 minutes ago
- Time of India
NRIs launch curated tour packages for Singaporeans in coastal Karnataka
Mangaluru: Undeterred by the recent setback of direct flights between Mangaluru and Singapore failing to take off, Singapore-based NRIs launched an alternative strategy to boost tourism in Coastal Karnataka. Their new initiative, a series of curated tour packages for Singaporeans to Mangaluru, aims to significantly increase tourist traffic, ultimately reviving hopes for direct air connectivity. The first tour, 'Ashta Kshetra Darshan', a five-day spiritual and sightseeing journey, commences on June 13, with an inaugural batch of a small group. This marks a crucial step in showcasing the region's unique appeal. Future plans include 'Exotic Tulunadu' for adventure and beaches, and 'Rome of the East' focusing on historical churches and recreation. Rajesh H Acharya, director of HQ Connections Pte Ltd, Singapore, curated the tour packages with an aim to promote tourism in Coastal Karnataka, and to encourage direct flights from Singapore to Coastal Karnataka. The Tulu community in Singapore was keen to promote the destination when a direct flight between Singapore and Mangaluru was announced from Jan 2025, but the withdrawn later. The 'Ashta Kshetra Darshan' is a tour of eight popular temples in Coastal Karnataka, which is offered through tour operator Udupi Vaibhav. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo A native Singaporean couple, Asokan and Mohanammbal, are excited about joining the tour as their 14-year wish to visit Kollur Mookambika temple is coming true. They are third-generation Singapore citizen of Tamil origins. "About 14 years ago, I went to Thiruvarur to my son-in-law's village where I met a local diamond merchant who gave me the picture of Kollur Amma and told me to visit her. I am excited to take this journey," shared Mohanammbal. Acharya said that this trip will be held every month, and two more packages will be introduced from Sept: Exotic Tulunadu and Rome of the East—10 churches visit, sightseeing, and recreation. "The initiative seeks support from the global Tulu community to promote tourism and strengthen the case for a direct flight between destinations. Soon we will also contact all the Indian communities here in Singapore to support it," said Acharya, adding that the tour packages aim to target more than 2 lakh Indian expats and Singaporeans.
