New Delhi, Utkarsh Small Finance Bank on Friday reported 19 per cent rise in net profit to Rs 160 crore for the fourth quarter ended March 2024.
In the same quarter a year ago, the bank had earned a net profit of Rs 134 crore.
Its total income rose to Rs 1,016 crore during the quarter under review, from Rs 760 crore in the year-ago period, the bank said in a regulatory filing.
The bank's interest income increased to Rs 896 crore from Rs 691 crore in the fourth quarter of the last financial year.
On the asset quality front, the bank's gross non-performing assets (NPAs) declined to 2.51 per cent of gross loans by March-end 2024 from 3.2 per cent a year ago.
Similarly, net NPA or bad loans declined to 0.03 per cent from 0.39 per cent at the end of Q4FY23.
The bank declared a final dividend of Rs 0.50 per equity share of Rs 10, subject to the approval of shareholders in the upcoming annual general meeting.
The capital adequacy ratio of the bank increased from 20.64 percent to 22.57 percent at the end of FY 2023.
In the same quarter a year ago, the bank had earned a net profit of Rs 134 crore.
Its total income rose to Rs 1,016 crore during the quarter under review, from Rs 760 crore in the year-ago period, the bank said in a regulatory filing.
The bank's interest income increased to Rs 896 crore from Rs 691 crore in the fourth quarter of the last financial year.
On the asset quality front, the bank's gross non-performing assets (NPAs) declined to 2.51 per cent of gross loans by March-end 2024 from 3.2 per cent a year ago.
Similarly, net NPA or bad loans declined to 0.03 per cent from 0.39 per cent at the end of Q4FY23.
The bank declared a final dividend of Rs 0.50 per equity share of Rs 10, subject to the approval of shareholders in the upcoming annual general meeting.
The capital adequacy ratio of the bank increased from 20.64 percent to 22.57 percent at the end of FY 2023.
