April 14, 2024

The financial institution’s curiosity earnings grew to Rs 806 crore as in comparison with Rs 641 crore within the October-December interval of the earlier monetary yr.

Utkarsh Small Finance Financial institution on Saturday posted a 24 per cent improve in its revenue at Rs 116 crore within the third quarter ended December 2023.

The financial institution had earned a internet revenue of Rs 93.5 crore in the identical quarter a yr in the past. Whole earnings rose to Rs 889 crore in the course of the quarter beneath evaluation as towards Rs 712 crore within the year-ago interval, the financial institution mentioned in a regulatory submitting. The financial institution’s curiosity earnings grew to Rs 806 crore as in comparison with Rs 641 crore within the October-December interval of the earlier monetary yr.

Story continues under Commercial

As regards asset high quality, gross Non-Performing Belongings (NPAs) of the financial institution declined to three.04 per cent of the gross loans by the tip of December 2023 from 3.58 per cent a yr in the past. Equally, internet NPAs or unhealthy loans got here all the way down to 0.19 per cent from 0.72 per cent on the finish of the third quarter in FY22.