AU

• SMALL
FINANCE
BANK

Ref. No.: AUSFB/SEC/2022-23/175

Date: 20th July, 2022

To,

National Stock Exchange of India Ltd. BSE Limited

Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Dalal Street,
Bandra (East), Mumbai 400051, Mumbai 400001,
Maharashtra. Maharashtra.
NSE Symbol: AUBANK Scrip Code: 540611

Dear Sir/Madam,

Sub: Outcome of the Board Meeting - Disclosure under SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("Listing Regulations")

This has reference to our letter dated 9 th July, 2022 intimating about the Meeting of Board of Directors
on 19 th - 20th July, 2022 at Jaipur.

Pursuant to Regulation 33 and 52(4) of Listing Regulations, we submit herewith a copy of

Unaudited Financial Results for the Quarter ended on 30th June, 2022, approved by
the Board of Directors at its Meeting on 20th July, 2022, along with copy of Limited Review Report
issued by the joint statutory auditors of the Bank.

A copy of the press release of the Bank on the Unaudited Financial Results for the Quarter ended on
30th June, 2022 is also enclosed.

In terms of Regulation 30 & 42 of Listing Regulations, we hereby inform that the Board of Dir-ectors
has, inter-alia, considered and approved the following on 20 thJuly, 2022:

1. Raising of funds by issue of equity shares for an aggregate amount not exceeding Rs. 3,000 Crore
(Rupees Three Thousand Crore Only) through private placement or qualified institutions
placement (QIP) or preferential allotment or through a combination thereof or any other
alternative mode, as may be considered appropriate, subject to approval of the shareholders and
government/regulatory/ statutory approvals, and requirements, as applicable.
2. Borrowing/raising of funds for an amount not exceeding Rs. 6,000 Crore (Rupees Six Thousand
Crore Only), in one or more tranches, by issue of debt instruments including but not limited to
Bonds and Non-Convertible Debentures or such other debt securities as may be permitted by RBI
from time to time, and necessary approvals and requirements, as applicable.
3. Holding of 27 th Annual General Meeting ("AGM") on 23 rd August, 2022 through video conferencing
or other audio visual means.
4. Record Date as Saturday, 30th July, 2022, for determining the members who will be eligible for
final dividend, if approved by the shareholders at the AGM.

Registered Office
AU SMALL FINANCE BANK LIMITED
19-A Dhuleshwar Garden, Ajmer Road,
Jaipur - 302001, Rajasthan, India
Phone: +91141 4110060/61, Fax: +91141 4110090
CIN: L36911RJ1996PLC011381
Formerly known as Au Financiers (India) Limited
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 e AU
SMALL
FINANCE
BANK

5. Re-appointment of Mr. Mankal Shankar Sriram (Mr. M S Sriram) (DIN: 0058892 2 ) as an

Independent Director of the Bank for a second term commencing from 21st October, 2022 to
20 th October, 2025, subject to approval of the shareholders.
6. Re-appointment of Mr. PushpinderSingh (DIN: 08496066) as an Independent Director of the Bank
for a second term commencing from 21st October, 2022 to 20th October, 2025, subject to approval
of the shareholders.
7. Re-appointment of Mr. Kannan Gopalaraghavan Vellur (Mr. VG Kannan) (DIN: 03443982) as an
Independent Director of the Bank for a second term commencing from 22nd January, 2 02 3 to
21st January, 2026, subject to approval of the shareholders.

It is further confirmed that Mr.MSSriram, Mr. PushpinderSingh and Mr.VG Kannan are not debarred
from holding the office of Director by virtue of any SEBI order or any other such authority.

The other details as required pursuant to Regulation 30 of the Listing Regulations and SEBI Circular
No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 with regard to re-appointment of Directors are
enclosed as Annexure.

The above may also be accessed on the website of the Bank at the link
https://www.aubank.in/investors/quarterly-reports.

The meeting of Board of Directors on 20th July, 2022 commenced at 02:30 P.M. and the
above stated agendas were concluded at 4:00 P.M. The meeting continued thereafter for remaining
agenda items.

This is for your information and records.

Thanking You,
Yours faithfully,
For AU SMALL Fl

JAlPUR
,...,
Company Secre ompliance Offic
Membership No.: F9999
[email protected]

Encl: As above

Registered Office
AU SMALL FINANCE BANK LIMITED
19-A Dhuleshwar Garden, Ajmer Road,
Jaipur - 302001, Rajasthan, India
Phone: +91 141 4110060/61, Fax: +91 141 4110090
CIN: L36911RJ1996PLCO11381
45169'7
Formerly known as Au Financiers (India) Limited
 AU Small Finance Bank Limited
(CIN: L36911RJ1996PLC011381)

Registered Office:-19-A, Dhuleshwar Garden, Ajmer Road, Jaipur 302001, Rajasthan (INDIA}
Tel: +91-141-4110060, Fax No: +91-141•4110090 Website: www.aubank.in

Statement of Unaudited Financial Results for the Quarter ended June 30, 2022

('( in lakh}
Quarter Quarter Quarter Year
ended ended ended ended
s. Particulars 30.06.2022 31.03.2022 30.06.2021 31.03,2022
No. Audited Unaudited Audited
Unaudited
(Refer note 4)
1 Interest Earned (a)+{b)+(c)+(d) 182,019.72 166,703.43 135,349.40 592,173.07
a) Interest/ discount on advances/ bills 149,808.62 137,985.74 113,540.70 488,155.23
b) Income on Investments 25,455.51 22,734.57 17,248.12 78,053.20
c) Interest on balances with Reserve Bank of India and other inter 2,717.29 2,451.01 1,467.31 8,708.12
bank funds
d) Others 4,038.30 3,532.11 3,093.27 17,256.52
2 Other income (refer note 7) 15,915.26 31,137.30 21,475.26 99,3 69.42
3 Total Income (1)+(2) 197,934.98 197,840.73 156,824.66 691,542.49
4 Interest Expended 84,419.60 73,047.22 62,948.05 268,760.58
s Operating Expenses (i)+(ii) 74,108.41 76,560.37 45,695.31 241,277.43
i) Employees cost 39,401.96 41,366.56 28,261.76 137,892.17
ii) Other operating expenses 34,706.45 35,193.81 17,433.55 103,385.26
6 Total Expenditure (4)+(5} 158,528.01 149,607.59 108,643.36 510,038.01
(excluding Provisions & Contingencies)
7 Operating Profit before Provisions and Contingencies (31·(6} 39,406.97 4B,233,14 48,181.30 181,504.48
8 Provisions (other than tax) and Contingencies 3,836.94 9,322.48 20,715.59 36,097.43
9 Exceptional Items . . . .
10 Profit from Ordinary Activities before tax (7)-(8)-(9) 35,570.03 38,910.66 27,465.71 145,407.05
11 Tax Expense 8,783.40 4,303.17 7,145.92 32,423.62
12 Net Profit from Ordinary Activities after tax (10)·(11) 26,786.63 34,607.49 20,319.79 112,983.42
13 Extraordfnary items (net aftax expense) . . . .
14 Net Profit for the quarter/ year (12)-(13) 26,786.63 34,607.49 20,319.79 112,983.42
15 Paid up equity share capital {Face Value of a; 10/- each) 63,018.65 31,490.00 31,293.59 31,490.00
16 Reserves excluding revaluation reserves 719,911.40
17 Analytical Ratios and other disclosures:
{i) Percentage of shares held by Government of India Nil Nil Nil Nil
(ii) Capita! Adequacy Ratio - Basel II (refer note 10) 19.36% 20,99% 23.07% 20.99%
(iii) Earnings per share (before and after extraordinary items, net of
tax expenses)*
Basic EPS (~) 4.25 5.51 3.25 ·.~~ 18.03
1
Diluted'EPS (";) 4.22 5.46 3.22"' 17.85
(iv} NPA Ratios
(a) Gross NPAs 96,961.87 92,437.82 149,594.08 92,437.82
(bl Net NPAs 27,483.30 23,084.55 76,598.81 23,084.55
(c) % of Gross NP As to Gross Advances 1.96% 1.98% 4.31% 1.98%
(d] % of Net NP As to Net Advances 0.56% 0.50% 2.26% 0.50%
(v) Return on assets (average]* 0.38% 0.54% 0.39% 1.87%
(vi} Net worth 778,884.89 751,401.40 648,985.08 751,401.40
(vii] Outstanding redeemable preference shares . " . .
(viii) Capital redemption reserve/ Debenture redemption reserve . " . .
(ix) Debt-equity ratio 0.41 0.47 0.42 0.47
{x) Tota I debts to total assets 8.61% 8.67% 11.88% 8.67%
* Figures for the quarters ended are not annualized.
Net worth represents sum of Capital and Reserves & Surplus.
Debt represents borrowings with residual maturity of more than one year. Total debt represents total borrowings of the Bank.
 AU Small Finance Bank Limited
(CIN: L36911RJ1996PLC011381)

Registered Office:-19-A, Dhuleshwar Garden, Ajmer Road, Jaipur 302001, Rajasthan (INDlA)
Tel : +91-141-4110060, Fax No: +91-141-4110090 Website: www.aubank.ln

Segment information in accordance with the Accounting Standard on Segment Reporting (AS-17) of the operating segment of the Bank is as under:

Quarter Quarter Quarter Year

ended ended ended ended
s. Particulars 30.06.2022 31.03.2022 30.06.2021 31.03.2022
No.
Unaudited Audited Unaudited Audited
(Refer note 4)
1 Segment revenue
a) Treasury 23,090.79 24,976.93 31,991.36 101,596.28
b) Retail banking 160,699.20 158,275.12 116,013.56 545,428.95
c) Wholesale banking 12,966.48 12,415.61 8,228.55 39,671.61
d) Other banking operations 1,178.51 2,173.07 591.19 4,845.65
e) Unallocated - - - -
Less: Inter-segment revenue - - - -
1ncome from operations 197,934.98 197,840.73 156,824.66 691,542.49
2 Segment results
a) Treasury (2,402.42) 597.88 13,645.03 16,787.89
b} Retail banking 33,370.99 33,280.48 11,303.20 112,756.16
c) Wholesale banking 3,875.45 3,337.18 2,115.47 12,571.75
d) Other banking operations 726.01 1,695.12 402.01 3,291.25
e) Unallocated - - - -
Total Profit before Tax 35,570.03 38,910.66 27,465.71 145,407.05
3 Segment assets
a) Treasury 1,751,655.09 1,963,178.97 1,509,728.81 1,963,178.97
bl Retail banking 4,559,147.08 4,175,240.60 3,169,159.08 4,175,240.60
c) Wholesale banking 547,713.31 550,866.42 314,079.41 550,866.42
d) Other banking operations 622.41 1,026.01 154.75 1,026.01
e) Unallocated 244,914.74 217,468.04 142,578.40 217,468.04
Total assets 7,104,052.63 6,907,780.04 5,135,700.45 6,907,780.04
4 Segment liabilities
a) Treasury 309,047.28 338,458.91 342,783.47 338,458.91
b) Retail banking 3,264,327.99 2,960,289.47 2,143,841.35 2,960,289.47
c) Wholesale banking 2,744,863.91 2,853,752.77 1,986,808.08 2,853,752.77
d) Other banking operations 311.33 395.89 12.65 395,89
e) Unallocated liabilities 6,617.23 3,481.61 13,269.82 3,481.61
Capital and Other Reserves 778,884.89 751,401.39 648,985.08 751,401.39
Total liabilities 7,104,052.63 6,907,780.04 5,135,700.45 6,907,780,04

Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing
risks and returns, the organisation structure, the internal business reporting system and guidelines prescribed by the RBI and in compliance with the
Accounting Standard 17 - "Segment Reporting''. The RBI vide its circular dated April 7, 2022 on establishment of Digital Banking Units (DBUs), has
prescribed reporting of Digital Banking Segment as a sub-segment of Retail Banking Segment. Indian Banks' Association {lBA] has formed DBU Working
Group which include representatives of banks and RBI. The reporting of Digital Banking as a separate sub-segment of Retail Banking Segment will be
implemented by the Bank based on the decision of the DBU Working Group.
 AU Small Finance Bank Limited
(CIN: L36911RJ1996PLC011381)

Registered Office:-19-A, Ohuleshwar Garden, Ajmer Road, Jaipur 302001, Rajasthan (INDIA)
Tel: +91-141-4110060, Fa>< No; +91-141-4110090 Website : www.aubank.in

Notes:

1 The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors of AU Small Finance Bank Limited
(the "Bank") at their meetings held on July 20, 20:?.2, in accordance with the requirement of Regulation 33 and Regulation 52 of the SEBI {Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended. The results have been subjected to a limited review by the statutory
auditors (Deloitte Haskins & Sells, Chartered Accountants and G.M. Kapadia & Co., Chartered Accountants) of t he Bank. An unqualified review report
has been issued by them thereon. The financial results far the quarter ended June 30, 2021 were reviewed by predecessor auditor S.R. Batliboi &
Associates LLP, Chartered Accountants, who have issued an unqualified review report on the results.

2 These financial results of the Bank have been prepared in accordance with the Banking Regulations Act, 1949, generally accepted accounting
principles in India, including Accounting Standards as prescribed under Section 133 of the Companies Act 2013 read with the Companies (Accounting
Standards) Rules, 2006, as amended ("Accounting Standards") as applicable to the banks, Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements), 2015, as amended and the guidelines issued by the Reserve Bank of India (RBI).

3 The Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual
financial statements for the year ended March 31, 2022. Any circular / direction issued by RBI is implemented prospectively when it becomes
applicable.

4 The figures for the quarter ended March 31, 2022 are t he balancing figures between audited figures in respect of the financial year 2021-22 and the
published year to date figures of nine months ended up to December 31, 2021.

S The Bank has allotted 31,50,93,233 fully paid up equity shares of face value, 10/- each, in ratio of one equity share for every equity share held,
during the quarter ended June 30, 2022, pursuant to a bonus issue approved by the shareholders vide Postal Ballot on May 29, 2022, by
capitalisation of share premium. Consequently, the earnings per share have been adjusted for previous periods/ year presented in accordance with
Accounting Standard 20, Earnings per share.

6 The Board of Directors at their meeting held on April 26, 2022, proposed a dividend of, 0.50 per share at 5% for the year ended March 31, 2022
subject to the approval of the shareholders at the ensuing Annual General Meeting. The effect of the proposed dividend has been considered in
determination of capital adequacy ratio.

7 Other income includes processing fee, profit/ loss on sale of investments (including provision for depreciation), recovery from loans written off,
income from dealing in PSLC, etc.

8 The Bank continues to monitor the developments/ impact arising from COVJD-19 pandemic, including any new information concerning the severity
of the COVID-19 pandemic, and any action to contain its spread or mitigate its impact.
As at June 30, 2022, the Bank carries a floating provision of 'I; 4,100 lakh and additional contingency provision of~ 19,400 lakh which includes the
additional provision for the accounts restructured under RBI COVID Resolution framework. The Bank holds an aggregate provision of, 88,884 lakh
against advances (Other than standard assets provision of 'I; 26,660 lakh),

9 During the quarter ended June 30, 2022, the Bank has not transferred / acquired any loan under the RBI Master Direction on Transfer of Loan
Exposures dated September 24, 2021.

10 The Capital adequacy ratio ("CAR") has been computed as per operating guidelines for Small Finance Banks in accordance with RBI Circular No.
RBl/2016-17/81 DBR.NBD.No.26/16.13.218/2016-17 dated October 6, 2016.
The Bank has followed Basel II standardized approach for credit risk in accordance with the operating guidelines issued by the Reserve Bank of India
for Small Finance Banks. Further, the RBI vide its circular No. DBR.NBD.No.4502/16.13.218/2017-18 dated November 8, 2017 has provided an
exemption to all Small Finance Banks whereby no separate capital charge is prescribed for market risk and operational risk.
 AU Small Finance Bank limited
(CIN: L36911RJ1996PLC011381)

Registered Office:-19-A, Dhuleshwar Garden, Ajmer Road, Jaipur 302001, Rajasthan (INDIA)
Tel: +91-141-4110060, Fax No : +91- 141-4110090 Website: www.aubank.in

11 During the quarter ended June 30, 2022, the Bank has allotted 1,93,202 equity shares pursuant to the exercise of options under the approved
employee stock option schemes.

12 Previous periods/ year figures have been regrouped where necessary to conform to current period presentation.

For and on behalf of the Board of Directors

AU Small Finance Bank Limited

Place : Jaipur
Date: July 20, 2022
 Deloitte Haskins & Sells G.M. Kapadia & Co.
19th Floor, Shapath-V 1007, Raheja Chambers,
S.G. Highway 213, Nariman Point,
Ahmedabad – 380 015 Mumbai - 400021
Gujarat, India Maharashtra, India
Tel: +91 79 6682 7300 Tel: +91 22 6611 6611
Fax: +91 79 6682 7400 Fax: +91 22 6611 6600

INDEPENDENT AUDITORS’ REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL

RESULTS

TO THE BOARD OF DIRECTORS OF

AU SMALL FINANCE BANK LIMITED

1. We have reviewed the accompanying Statement of Unaudited Financial Results of AU

SMALL FINANCE BANK LIMITED (the “Bank”) for the quarter ended June 30, 2022
(the “Statement”), being submitted by the Bank pursuant to the requirement of
Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Bank’s Management and approved
by the Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in Accounting Standard 25 for “Interim Financial
Reporting” (“AS 25”), prescribed under Section 133 of the Companies Act, 2013 read
with relevant rules issued thereunder, in so far as they apply to banks, the relevant
provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions
issued by the Reserve Bank of India (RBI) from time to time (the “RBI Guidelines”)
and other accounting principles generally accepted in India. Our responsibility is to
express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the
Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of
India. A review of interim financial information consists of making inquiries, primarily
of the Bank’s personnel responsible for financial and accounting matters and applying
analytical and other review procedures. A review is substantially less in scope than an
audit conducted in accordance with Standards on Auditing specified under section
143(10) of the Companies Act, 2013 and consequently does not enable us to obtain
assurance that we would become aware of all significant matters that might be
identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as stated in paragraph 3 above, nothing has come to
our attention that causes us to believe that the accompanying Statement, prepared in
accordance with the recognition and measurement principles laid down in the aforesaid
Accounting Standard, the RBI Guidelines and other accounting principles generally
accepted in India, in so far as they apply to banks, has not disclosed the information
required to be disclosed in terms of Regulation 33 and Regulation 52 read with
Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended, including the manner in which it is to be disclosed.
Deloitte Haskins & Sells G.M. Kapadia & Co.

5. The Statement includes comparative figures for the quarter ended June 30, 2021,
which has been reviewed by the predecessor audit firm, wherein they had expressed
an unmodified conclusion vide their report dated August 6, 2021 on such Financial
Results.

Our conclusion is not modified in respect of this matter.

For DELOITTE HASKINS & SELLS For G.M. Kapadia & Co.
Chartered Accountants Chartered Accountants
(Firm Registration No. 117365W) (Firm Registration No. 104767W)

G. K. Subramaniam Atul Shah

Partner Partner
Membership No. 109839 Membership No. 039569
UDIN: 22109839ANGOHG8133 UDIN: 22039569ANGQTQ5465
Place: Mumbai Place: Mumbai
Date: July 20, 2022 Date: July 20, 2022
 AU Small Finance Bank Limited
Head Office - Bank House, Mile 0,
Ajmer Road, Jaipur, Rajasthan, 302001
Corporate Office - 5th Floor, E-Wing, Kanakia Zillion
LBS road, Kurla West, Mumbai, Maharashtra, 400070
Website - www.aubank.in

For Immediate Release

AU Bank delivers impressive overall performance- PAT grows 32% YoY, Core
PPOP grows 28% YoY, Deposits grow 48% YoY, CASA ratio improved further to
39%, GNPA improved to 1.96% amidst rising inflation and upward movement of
interest rate cycle; Physical presence expanded to 950+ touchpoints across 20
states and 2 UTs

• Q1FY23 was one of the best Q1 in the last 5 years in terms of business momentum and
collections - disbursement at ₹ 8,445 Crore (+345% YoY), collection efficiency at 105% for Q1
• Deposits up 48% YoY to ₹ 54,631 Cr; CASA ratio improved to 39% vs 26% in Q1’FY22
• Balance sheet grows by 38% to ₹ 71,041 Cr
• Profitability – Net profit for Q1’FY23 up 32% YoY at ₹ 268 Cr; RoA for Q1’FY23 at 1.5% and RoE
at 14.0%
• Asset quality improved further as Gross NPA declined marginally to 1.96% QoQ; net NPA at
0.56%; Standard restructured assets declined to 2.1% from 2.5% sequentially
• Provisioning Coverage Ratio (PCR) continues to remain north of 70%; Additional provisioning in
the form of Contingency provision of ₹ 144Cr and Floating provision of ₹ 41 Crore
• Launched LiT (Live it Today) Credit Card – India’s First customizable credit card which provides
freedom to the customer to dynamically choose card benefits
• Bank added 34 new touchpoints taking its physical network to 953 touchpoints across 20 states
and 2 Union Territories (UTs)
• CRISIL Ratings upgraded the Bank’s Long-term rating to AA/Stable and retained our short-term
rating at highest level of A1+

Mumbai/Jaipur 20th July 2022: The Board of Directors of AU Small Finance Bank Limited at its
meeting held today, approved the financial results for the quarter ended June 30, 2022.

Executive Summary
Deposits grew 48% YoY to ₹ 54,631 Crore from ₹ 37,014 Crore, with further improvement in CASA
ratio to 39% compared to 26% a year ago. In Q1’FY23, fund-based disbursements were up 345%
YoY at ₹ 8,445 Crore as compared to ₹ 1,897 Crore in the same quarter of the previous year which
had a low base due to Covid 2.0. Non-fund disbursements for Q1’FY23 were up 5x at ₹ 481 Crore
as compared to ₹ 79 Crore in the same quarter of the previous year because of Covid 2.0.

The Bank witnessed a growth of 37% YoY in its AUM to ₹50,161 Crore from ₹ 36,635 Crore. This
was coupled with consistent collection efficiency of 105% for the quarter, resulting in sustained
improvement in asset quality ratios. Bank maintains a strong position in Digital services with
properties like AU 0101, Video Banking, Credit cards, UPI QR etc. all of which continue to see
strong momentum.

1. Financial Highlights

Q1’FY23 highlights

Business
• Bank’s total balance sheet grow by 38% YoY to ₹ 71,041 Crore
• Deposits grow by 48% YoY to ₹ 54,631 Cr; CASA at 39% as against 26% as on 30-Jun’21
• Cost of Funds stable QoQ and declined by 57 bps YoY to 5.7%
• Loan AUM grew by 37% YoY to ₹ 50,161 Cr; CD ratio at 89%
• 90% of loan book is retail in nature and 94% is Secured

Profitability
• Total income stood at ₹ 1,979 Crore, up 26% YoY; NII at ₹ 976 Crore, up 35% YoY
• Net profit stood at ₹ 268 Cr for Q1’FY23, up 32% YoY
• ROA stood at 1.5% and ROE at 14.0% even as we invest significantly in people, digital,
branding, products and distribution to build a future ready bank
• Net Interest Margin (NIM) at 5.9%
• Incremental spreads remained stable at 6.9% as the increase in disbursement yields
offset the increase in incremental borrowing cost
Asset quality
• Bank’s Asset quality improved significantly on YoY basis with GNPA at 1.96% vs 4.31% as
on 30-Jun’21
• Net NPA stood at 0.56% of net advances as against 2.26% as on 30-Jun’21
• Provision coverage ratio at 72% against 49% as on 30-Jun’21; Including technical write-
offs, the PCR was at 74%
• Collection efficiency averaged 105% for Q1’FY23
• Apart from provision of ₹ 654 Crore against GNPA pool, Bank has, additionally, maintained
following provision buffer
o Provision against restructured book at ₹ 170 Crore (16% of restructured book)
o Contingency provision of ₹ 144 Crore (0.30% of advances)
o Floating provision of ₹ 41 Crore (0.08% of advances)
o Standard provisions of ₹ 147 Crore (0.30% of advances)
Capital Adequacy
• Bank remains well capitalized with
o Total CRAR at 19.4% against minimum requirement 15%; adding the interim
profits, CRAR would be 20.0%
o Tier-I capital ratio of 18.4% against minimum requirement 7.5%; adding the
interim profits, Tier-I capital adequacy would be 19.1%

2. Digital and Payment business

• The Bank’s digital properties like AU 0101, Video Banking, Credit cards, UPI QR etc.
continue to see strong momentum
• During the quarter the Bank has issued 80k+ credit cards and installed 1.7 Lac+ QR codes
• In all, we have 2.4 Lac+ credit cards outstanding of which over 42% of the customers are
first time credit card users in more than 150+ districts of the country
• 1.5 Lac+ Savings Account opened digitally via Video Banking since launch earlier this
year and total relationship value of these accounts now at ₹ 700+ Cr

3. Other key updates

• The Bank has expanded its presence to 34 new touchpoints and its physical network is
now spread across 953 touchpoints as on June 30, 2022 across 20 states and 2 UTs
• CRISIL Ratings has upgraded the long-term rating of the Bank to ‘CRISIL AA/Stable’ from
‘CRISIL AA-/Positive’. The rating on Short-term Instruments (Certificate of Deposits) of the
Bank has been reaffirmed at CRISIL A1+
• AU Bank received “Golden Peacock Award” for CSR
• AU Bank won as ‘Best Small Finance Bank’ at the MSME Banking Excellence Awards 2021
by CIMSME
• AU Bank was recognized at the Retail Banker International Asia Trailblazer Awards 2022
by:
o Excellence in Employee Engagement
o Best Fintech Partnership
• AU Bank is rated as “Technology Innovator of the Year” at 3rd BFSI Technology Excellence
Awards 2022.
• PFRDA awarded AU bank with:
o APY Annual Award
o Recognized Game Changers
o Leadership Capital Award 3.0
• Badlaav Humse Hai – an integrated marketing communications campaign - to highlight
the innovation-centricity of the Bank has gained viewership and is helping to establish the
Brand identity of the Bank
Commenting on the performance, Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank said,
"I am very happy with the progress we have made as a Bank in the last 21 quarters despite
working in an unusually challenging environment. Our business model is becoming increasingly
sustainable with each passing quarter driven by our retail-focused branch banking franchise, well
positioned asset verticals with consistently resilient asset quality, traction in our digital initiatives,
and continued focus on high governance standards. I really want to thank our customers for
servicing their obligations as their businesses normalized after the pandemic and wish them
success in their endeavors.

Q1FY23 was one of the best Q1 for us in the last several years as we saw healthy performance
across key parameters - improvement in CASA ratio and retail deposits mix, reduction in our GNPA
ratio supported by collections remaining north of 100%, growth in each of the asset business,
stable spreads and asset quality, and overall healthy profitability. We are expanding our
distribution and continue to invest in digital initiatives, branding and distribution to capture the
significant opportunities available to us and be future ready. We made our debut in north-east
this quarter and have been getting good acceptance in the newer markets of South India and East
India.

The macro-economic environment and geo-political challenges have kept inflation levels elevated
and interest rates are hardening. While these impact costs, our endeavor remains on maintaining
our return ratios. With good monsoon and expected support from festive season in second half of
the year, we remain cautiously optimistic for the year as a whole”.

About AU Small Finance Bank:

AU Small Finance Bank Limited (AU Bank) is a scheduled commercial bank, a Fortune India 500
Company and the largest Small Finance Bank in the country. Starting its journey from the
hinterlands of Rajasthan, today AU Bank is the largest Small Finance Bank with a deep
understanding of the rural and semi-urban markets that has enabled it build robust business
model facilitating inclusive growth. With 27+ years legacy of being a retail focused and customer-
centric institution, AU started its banking operations in April 2017 and as on 30th June 2022, it
has established operations across 953 banking touchpoints while serving 30.7 Lakh customers in
20 States & 2 Union Territories with an employee base of 29,883 employees. The Bank has a net
worth of ₹ 7,789 Cr, deposit base of ₹ 54,631 Cr and Assets Under Management (AUM) of ₹
50,161 Cr. AU Bank enjoys the trust of marquee investors and is listed at both the leading stock
exchanges viz. NSE and BSE. It has consistently maintained a high external credit rating from all
major rating agencies like CRISIL, CARE Ratings and India Ratings.
 AU
SMALL
FINANCE
• BANK

Annexure to point number 5

Details required pursuant to Regulation 30 of the Listing Regulations and SEBI Circular No.
CIR/CFD/CMD/4/2015 dated 9th September, 2015

Re-appointment of Mr. Mankal Shankar Sriram (Mr. M S Sriraml {DIN: 00588922)

Sr. Details of events that need to be provided Information of such event(s)

No.
1. Reason for change viz. appointment, resignation, Board has approved the re-appointment of
removal, death or otherwise Mr. M S Sriram (DIN: 00588922) as Non-Executive
Independent Director.
2. Date of Appointment/cessation (as applicable) & With effect from 21st October, 2022 for a period of 3
Terms of Appointment (three) years subject to approval of shareholders.
3. Brief Profile (in case of Appointment) Please refer profil e given below.
4. Disclosure of relationship between Directors (in Mr. M S Sriram is not related to any Director of the
case of appointment of Directors) Bank.

Brief Profile covering qualification & experience of Mr. MS Sriram

Mr.MS Sriram joined the Board of the Bank in October 2019. He is a graduate from Institute of Rural
Management Anand and has completed his doctoral studies at the Indian Institute of Management,
Bangalore. He has more than 31 years of experience in Financial Inclusion & Microfinance, Rural
Economy, Co-operatives, and Agriculture Finance.

Presently, He is Chairperson of the Centre for Public Policy & Faculty member at IIM Bangalore (11MB).
He is also a distinguished fellow at the Institute for Development of Research in Banking Technology,
Hyderabad (IDRBT).

Prior to this, he was Professor of Finance and Accounting and the ICICI Bank Lalita D Gupte Chair
Professor of Microfinance at the Indian Institute of Management, Ahmedabad. He is a Director on
Board of IDMC, NDDB Dairy Services and other institutions. He also held position as a shareholder
director on the Board of Union Bank of India for a period of 6 years. He has authored many books •
including annual 'Inclusive Finance India Report' for the years 2015, 2016 and 2017.

Registere d Office
AU SMALL FINANCE BANK LIMITED
19-A Dhuleshwar Garden, Ajmer Road,
Jaipur - 302001, Rajasthan, India
Phone: +91141 4110060/61, Fax: +91141 4110090
CIN: L36911RJ1996PLC011381
Formerly known as Au Financiers (India) Limited 451608
 G)
AU
SMALL
FINANCE
BANK

Annexure to point number 6

Details required pursuant to Regulation 30 of the Listing Regulations and SEBI Circular No.
CIR/CFD/CMD/4/2015 dated 9th September, 2015

Re-appointment of Mr. Pushpinder Singh (DIN: 08496066}

Sr. Details of events that need to be provided Information of such event(s)

No.
1. Reason for change viz. appointment, resignation, Board has approved the re-appointment of
removal, death or otherwise Mr. Pushpinder Singh (DIN: 08496066) as Non-
Executive Independent Director.
2. Date of Appointment/cessation (as applicable) & With effect from 21st October, 2022 for a period of 3
Terms of Appointment (three) years subject to approval of shareholders.
3. Brief Profile (in case of Appointment) Please refer profile given below.
4. Disclosure of relationship between Directors (in Mr. Pushpinder Singh is not related to any Director of
case of appointment of Directors) the Bank.

Brief Profile covering qualification & experience of Mr. Pushpinder Singh

Mr. Pushpinder Singh joined the Board of the Bank in October 2019. He is a B.Sc. graduate and a
Certified Associate of Indian Institute of Bankers (CAIIB).

He is a Banking Technology expert with over four decades of rich-experience. In his career, he focused
on technological advancement and implementing IT as key enabler in the Banking sector. With humble
beginning at Bank of India, his career progressed, and he was promoted as Chief Information Officer
(CIO), where he was responsible for IT infrastructure, implementation of various IT systems and
projects. His valuable contribution to the IT Sector was duly acknowledged and he was awarded with
the CIO Masters award in year 2013. He was associated with National Payment Corporation of India
(NPCI) as advisor on Fl and new Business till 2017. At NPCI, he headed as product and business
development lead for AePS product using Aadhaar authentication for payments using Micro ATMs.
Presently, he is Member of the IT Strategy Committee of the Board of SIDBI for advising on IT strategic
matters.

Reg istered Office

AU SMALL FINANCE BANK LIMITED
19-A Dhuleshwar Garden, Ajmer Road,
Jaipur - 302001, Rajasthan, India
Phone: +91 141 4110060/61, Fax: +91141 4110090
CIN: L36911RJ1996PLC011381
Formerly known as Au Financiers (India) Limited 45160?
 . ,,

e
Annexure to point number 7
AU
SMALL
FINANCE
BANK

Details required pursuant to Regulation 30 of the Listing Regulations and SEBI Circular No.
CIR/CFD/CMD/4/2015 dated 9 th September, 2015

Re-appointment of Mr. Kannan Gopalaraghavan Vellur (Mr.VG Kannan) (DIN : 03443982)

Sr. Details of events that need to be provided Information of such event(s)

No.
1. Reason for change viz. appointment, resignation, Board has approved the Re-appointment of
removal, death or otherwise Mr. V G Kannan (DIN: 03443982) as Non-Executive
Independent Director.
2. Date of Appointment /cessation (as applicab le) & With effect from 22nd January, 2023 for a period of 3
Terms of Appointment (three) years subj ect to approval of shareholders.
3. Brief Profile (in case of Appointment) Please refer profile given below.
4. Disclosure of relationship bet ween Directors (in Mr. V G Kannan is not related to any Director of the
case of appointment of Directors) Bank.

Brief Profile covering qualification & experience of Mr.VG Kannan

Mr.VG Kannan joined the Board of the Bank in January 2020. He completed his Bachelor's degree in
Business Administration from Madurai Kamaraj University and has a Master's degree in Business
Administration from University of Madras.

He is a career banker with over four decades of experience in the Banking & Financial Services Space
and has held several leadership positions in the Sector. Mr. Kannan has significant experience in
Banking & Financial Sector, especially in Credit & Risk Management, Insurance, Capital Markets and
Treasury & Fund Management. Mr. Kannan is acknowledged as an authority in Credit, Treasury, Risk
and Investment Management in the Banking sector.

He handled several leadership positions with State Bank of India (SBI), its subsidiaries & grou p
companies as Managing Director of SBI. Thereafter, Mr. Kannan was Chief Executive of the Indian
Bank's Association (IBA), where he led the development of sound and progressive banking principles
and worked closely with all banks to find resolutions to various systemic and operational issues by
introducing new systems or services in the Banking industry. He was on the governing council of the
Indian Inst itute of Banking & Finance (IIBF). He was also Chairman of an RBI appointed committee to
examine interchange in ATM services and served as a member of another RBI committee on secondary
market for corporate loans.

Registered Office
AU SMALL FINANCE BANK LIMITED
19-A Dhuleshwar Garden, Ajmer Road,
Jaipur - 302001, Rajasthan, India
Phone: +91141 4110060/61, Fax: +91141 4110090
CIN: L36911RJ1996PLCO11381
Formerly known as Au Financiers (India) Limited 451606