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A big jump in operating expenses and provisions and contingencies impacted the bottomline of AU Small Finance Bank (AU SFB) in the third quarter ended December 31, 2017.
The Jaipur-headquartered bank’s net profit declined 5 per cent to ₹79 crore, against ₹83 crore in the year-ago period. The bank’s net interest income (interest earned less interest expended) was up 24 per cent year-on-year at ₹250 crore.
Other income soared to ₹106 crore (₹27 crore).
Operating expenses, comprising employees cost and other operating expenses, shot up by 146 per cent to ₹204 crore (₹83 crore). Provisions (other than tax) and contingencies jumped to ₹33 crore (₹18 crore).
As on December-end 2017, gross non-performing assets edged up to 2.83 per cent of gross advances against 2.75 per cent as on December-end 2016.
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