AU Small Finance Bank reported a 37% jump in Q1 net profit to ₹796 crore, though asset quality showed slight deterioration with gross NPAs rising to 2.1%.
IDFC First Bank's profit more than doubled to ₹1,075 crore, and the bank approved raising up to ₹20,000 crore in new capital.
Common Customer ID (CKYC 2.0) for banks and insurers is set for an August launch, with mutual funds and brokerages to follow later this year.
