Thursday May 12, 2022

Ujjivan Small Finance Bank (SFB) on Thursday reported a 7 per cent decline in its net profit to Rs 126.5 crore for the last quarter of the fiscal ended in March 2022.

The bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.

Total income during the quarter under review increased to Rs 920 crore as against Rs 735 crore in the year-ago period, Ujjivan SFB said in a regulatory filing.

Gross Non-Performing Assets (NPA) deteriorated to 7.34 per cent in the January-March quarter from 7.1 per cent in the corresponding period of the previous year. However, net NPA declined to 0.61 per cent from 2.9 per cent last year.

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Capital adequacy ratio of the bank stood at 19 per cent with Tier-1 capital at 17.7 per cent, it said.

For the full year 2021-22, the bank posted a loss of Rs 415 crore from a profit of Rs 8 crore in FY 2021.

Source

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