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Ujjivan Small Finance Q4 profit up 15 pc at Rs 73 cr

Business Finance

Press Trust of India  |  New Delhi 

Ujjivan Small Finance Bank on Tuesday reported a 15 per cent rise in net profit at Rs 73.15 crore for the fourth quarter ended March 2020.

The bank had posted a net profit of Rs 63.78 crore in the year-ago period, it said.

Total income rose to Rs 809.65 crore during the quarter under review from Rs 602.23 crore in the corresponding quarter a year ago.

Net interest margin (NIM) stood at 10.8 per cent at the end of March 2020 as against 10.9 per cent a year ago.

The bank expects the mass market to show resilience and recover strongly and the economic package announced by government would also boost recovery and open various opportunities, it said in a statement.

Ujjivan Financial Services is the holding company and promoter of Ujjivan Small Finance Bank.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 19 2020. 20:38 IST