Ujjivan Small Finance Bank sees Q1 net profit of Rs 450 million

Capital adequacy ratio as on 30th June 2018 stood at 23.8%

Bangalore-based Ujjivan Small Finance Bank saw a consolidated net Profit of Rs 450 million in the quarter ended June, against Net Loss of Rs  749 million in the year-ago quarter.

The bank's net interest income, or the interest earned minus interest expended, rose 61 per cent on a year-on-year basis to Rs 2.22 billion, said the bank in a filing to the exchanges.

Net Interest Margin, the difference between the yield on advances and cost of funds, stood at 11.6% in June 2017, against 9.2% in June 2017. Gross Loan Book grew by 20.5 per cent to Rs 77.87 billion while disbursements