Significant Revenue Growth:- Company showed significant revenue growth of 53.2% in FY23 from Rs 653 Cr in FY22 to Rs 999 Cr in FY23
Exponential Growth in Profits:- Company's profit has shown exponential growth of 1,068.4% in profits from Rs 9 Cr in FY22 to Rs 104 Cr in FY23
Growth in Loan Book:- The loan book of the company has shown decent growth of 24.1% in FY23 from Rs 7,037 Cr in FY22 to Rs 8,737 Cr in FY23
Improvement in asset quality:- The asset quality of the company improved in FY23 which is reflective in the reduced net non-performing assets (NNPA) of the company from 3.6% in FY22 to 1.3% in FY23
Merger with AU Small Finance Bank:- On 1st of April 2024, Fincare SFB was merged into AU SFB. The merger was a all-stock merger with shareholders of Fincare SFB receiving 579 shares in AU SFB for every 2,000 shares held in Fincare SFB
Quantity
Invest
, Min. Investment: ₹