Ujjivan Small Finance Bank reported 15% jump in net profit at ₹73.2 crore for the quarter ended March, 2020. It had reported net profit of ₹63.8 crore in the year-ago period.
The interest earned in March quarter was ₹737 crore as against ₹536 crore in March 2019.
The Gross NPA was 0.97% during the quarter as against 0.95% in December quarter while Net NPA was 0.2% as compared to 0.38% in the previous quarter. The lender made ₹70-crore provisions on account of Covid-19.
Net interest margin was at 11.2% in the quarter as against 10.8% in Q4FY19.
On Tuesday, the bank’s scrip on NSE closed 2.29% higher at ₹26.75.
source: livemint
