 "AU Small Finance Bank")
The four listed small finance banks (SFBs) — AU, Ujjivan, Equitas, and Suryoday — reported a combined net loss of Rs 66 crore in the June quarter of financial year 2021-22 (Q1FY22) because of a sharp rise in provisions amid the second wave of the pandemic.
In comparison, the SFBs had reported a profit of Rs 340 crore in Q1FY21 and Rs 375 crore in Q4FY21. Of the four, Ujjivan and Suryoday booked losses of Rs 233 crore and Rs 48 crore, respectively, in Q1. Reflecting the impact of Covid on asset quality, the provisions — including those for
In comparison, the SFBs had reported a profit of Rs 340 crore in Q1FY21 and Rs 375 crore in Q4FY21. Of the four, Ujjivan and Suryoday booked losses of Rs 233 crore and Rs 48 crore, respectively, in Q1. Reflecting the impact of Covid on asset quality, the provisions — including those for
