June 16, 2024

The financial institution’s curiosity revenue grew to Rs 806 crore as in comparison with Rs 641 crore within the October-December interval of the earlier monetary 12 months.

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

The financial institution had earned a web revenue of Rs 93.5 crore in the identical quarter a 12 months in the past. Complete revenue rose to Rs 889 crore in the course of the quarter beneath assessment as in opposition to Rs 712 crore within the year-ago interval, the financial institution mentioned in a regulatory submitting. The financial institution’s curiosity revenue grew to Rs 806 crore as in comparison with Rs 641 crore within the October-December interval of the earlier monetary 12 months.

Story continues beneath Commercial

As regards asset high quality, gross Non-Performing Property (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 12 months in the past. Equally, web NPAs or dangerous 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.