Ujjivan Small Finance Bank quarterly profit falls 7%; total income rises to Rs920 crore

Ujjivan Small Finance Bank (SFB) on Thursday reported a 7 percent 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 percent in the January-March quarter from 7.1 percent in the corresponding period of the previous year. However, net NPA declined to 0.61 percent from 2.9 percent last year.