Stock of AU Small Bank closed 1.40% down at Rs679 apiece on BSE on Tuesday. Photo: Hemant Mishra/MintNew Delhi: AU Small Finance Bank on Tuesday reported a fall of nearly 5% in its net profit at Rs78.92 crore in the third quarter ended December on uptick in bad loan provisions and higher expenses. It had earned a net profit of Rs82.92 crore in the similar quarter of the previous fiscal. Total expenditure of the Jaipur-based small finance bank increased substantially to Rs417.29 crore during the third quarter of 2017-18, as against Rs208.26 crore previously. Net NPAs or bad loans however were lower at 1.87% (Rs187.72 crore) during the December quarter, from 1.92% (115.51 crore) in the year ago period.

Source: Mint January 30, 2018 13:52 UTC