- AU Bank posted improving trends across all key metrics like AUM growth, NIMs, Asset quality in a very strong 3QFY20.

- PAT grew 100% YoY due to strong operating performance. NII grew 46% YoY.

- AU bank’s gross AUM increased 37% YoY mainly due to strong growth in retail book.

- Deposits grew 63% YoY to Rs.239bn. Retail SA formed 81% of overall SA deposits while retail TDs formed 37% of total term deposits.

- The bank does not face any challenges in the collection and overall asset quality in the wheels portfolio.

- Growth & profitability oulook remain strong and the bank is focusing on high-yielding segments and under-penetrated opportunities in MSME segment.

- AU Bank is a top pick in the banking sector and would likely continue with its high valuation.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

Found this insight useful?

For more such insights, delivered daily in real-time for free, download the inChat app from the Play Store. Download Now!

Please share with your friends and family as well. You can also subscribe to one of our channels listed at the bottom of this page.