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The bank's net interest margin -- a key profit metric -- rose to 5.8% for the quarter from 5.5% in the corresponding three-month last year. AU's gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs 359 crore against Rs 481 crore. Net NPA ratio improved by 7 bps to 0.81%. Annualised credit cost improved by 45 bps to 0.8% from 1.2% over the year. One basis point is equal to one-hundredth of a percentage point. The bank, which is in the process of transforming itself into a universal lender, saw its pre-provision operating profit grow around 28% year-on-year at Rs 1514 crore for the second quarter over Rs 1210 crore a year ago. Net interest income rose 32% at Rs 2,820 crore against Rs 2,144 crore in the year prior. Its gross loan portfolio grew 25% year-on-year to Rs 1.54 lakh crore while total deposits expanded 29% to Rs 1.71 lakh crore. Founded in 1996 as a vehicle financier, AU is now India’s largest small finance bank. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Listen to this article in summarized format The bank's net interest margin—a key profit metric—rose to 5.8% for the quarter from 5.5% in the year-ago period. AU's gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. Provisions fell 25% to Rs 359 crore from Rs 481 crore. The net NPA ratio improved by 7 bps to 0.81%. Annualised credit cost fell by 45 bps to 0.8% from 1.2% a year earlier. One basis point is one-hundredth of a percentage point. The bank, which is in the process of transforming itself into a universal lender, saw its pre-provision operating profit grow 28% year-on-year to Rs 1,514 crore in the second quarter from Rs 1,210 crore a year ago. Net interest income rose 32% to Rs 2,820 crore from Rs 2,144 crore a year earlier. Its gross loan portfolio grew 25% year-on-year to Rs 1.54 lakh crore while total deposits expanded 29% to Rs 1.70 lakh crore. Founded in 1996 as a vehicle financier, AU is now India’s largest small finance bank. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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