Its operating paying profit for the quarter is Rs 519 crore below 31%. 360 crore, as the cost has increased further than the total revenue increase.
Managing Director Sanjeev Nautiyal told ET, “We expect NIM will be around this level because the% nature of our loan is fixed and hence the reduction of policy rate has not affected our books.
Net interest income due to about 20% more interest outgoes is Rs. 864 crores, which was due to collecting deposits at costs costs.
The total revenue increased by 4.4% to Rs. 1843 crore, while the total expenditure increased by 19% to Rs. Increasing the cost of employee was the main reason behind the sharp cost, in addition to paying more interest to depositors.
The bank paid Rs. 55 crore, which was Rs. Crore costs increased from crores. As a sign of stress in the microfinance lending business, the credit price for the entire year was 2.5% for the entire year.
Its total non-performing property ratio has increased 2.18% of the total progress compared to 2.23% at the end of the financial year 1 of 1, as the base increased by 8% in the year-by-year year to Rs. 32122 crore. The total NPA has increased from Rs 613 crore to Rs 696 crore in the same period.
“The numbers are still elevated but they are less than the average of the industry,” Nautiyal said.
During the fourth quarter, the bank’s loan distribution was Rs. 7,440 crore, which was 39% quarter-on-quarter and 11% annually. Protected books exceeded Rs 13,988 crore, which contributes 44% to the loan portfolio, which is more than 30% last year.
The bank recorded a 38% quarter-on-quarter growth in micro finance loan distribution, which is against the industry’s attitude.
Bank deposits increased by 20% annually to Rs. 37,630 crore.
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