AU Bank is swiftly increasing its focus toward high-yielding used vehicle segment and is capitalizing on under-penetrated opportunities in the MSME segment, thereby sustaining healthy growth momentum.
Further, the granular loan portfolio, lower LTVs and higher provisions this quarter should enable the bank to maintain strong control on credit costs. AUBANK could deliver steady 50% earnings CAGR over FY19-21, aided by gradual improvement in operating leverage and margins.
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.
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