AU SFB slides after Q4 PAT drops 13% YoY to Rs 371 cr
Mumbai, April 25 -- Net interest income (NII) stood at Rs 1,337 crore in Q4 FY24, up 10%. Net interest margin (NIM) stood at 5.1% in Q4 FY24.
Pre-provisioning profit in Q4 FY24 was at Rs 571 crore, registering a growth of 16%YoY. Provisions soared 387.06% YoY to Rs 158.93 crore in Q3 FY24.
The bank's total deposits increased 26% YoY to Rs 87,182 crore. CASA deposits increased by 9% YoY to Rs 29,126 crore compared to Rs 26,660 crore in Q4 FY23; CASA ratio was at 33% and CASA and Retail deposits stood at 64%.
In Q4 FY24, gross advances increased by 25% YoY to Rs 73,999 crore. Of the total advances, Vehicle Loan contributes 30% and Micro Business Loans (MBL), Home Loan as well as Commercial Banking Loans contribute 28%, 8% and 25% respect...
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