AU SFB’s (AU) strong financial performance in Q3FY23 with AUM growth of 7% QoQ (20% FY23YTD), steady decline in GNPL ratio to 1.8%, PCR improving to 72%, flat QoQ NIM at 6.2% and ~90bps QoQ reduction in cost/income ratio reassure its ability to navigate the challenging period better than peers and emerge stronger.