Comments
Utkarsh Small Finance Bank on Saturday posted a 24 per cent increase in its profit at ₹116 crore in the third quarter ended December 2023.
The bank had earned a net profit of ₹93.5 crore in the same quarter a year ago.
Total income rose to ₹889 crore during the quarter under review as against ₹712 crore in the year-ago period, the bank said in a regulatory filing.
The bank's interest income grew to ₹806 crore as compared to ₹641 crore in the October-December period of the previous financial year.
As regards asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 3.04 per cent of the gross loans by the end of December 2023 from 3.58 per cent a year ago.
Similarly, net NPAs or bad loans came down to 0.19 per cent from 0.72 per cent at the end of the third quarter in FY22.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.