AU Small Finance Bank’s profit up 42% in March quarter

INSUBCONTINENT EXCLUSIVE:
vehicle purchases
Net Interest Income the difference between what it paid for funds and what it earned from lending, nearly to Rs 851 crore from Rs 464 crore
The credit growth was driven by strong performance in vehicle loan and secured lending portfolios, the bank said in a regulatory filing
Asset quality remained largely stable at gross bad loans at 2 per cent, the same as last year quarter.