Unity Small Finance Bank Q4 Profit Surges to Rs 143 cr
Unity Small Finance Bank reports a net profit of Rs 143 crore for Q4 FY'24, driven by strong net interest income growth. The bank's full-year profit also surged to Rs 439 crore.
New Delhi, May 6 (PTI) Unity Small Finance Bank on Monday reported a net profit of Rs 143 crore for the January-March quarter buoyed by higher net interest income.
The bank, promoted by Centrum Financial Services, had reported a net loss of Rs 52 crore in the March quarter of 2022-23 fiscal.
The small finance bank's net interest income grew 55 per cent to Rs 281 crore during the March quarter of FY'24.
For the full 2023-24 fiscal, Unity Bank's net profit grew 12-fold to Rs 439 crore.
Net interest income also increased 75 per cent YoY to Rs 981 crore during FY'24.
The bank, promoted by Centrum Financial Services, had reported a net loss of Rs 52 crore in the March quarter of 2022-23 fiscal.
The small finance bank's net interest income grew 55 per cent to Rs 281 crore during the March quarter of FY'24.
For the full 2023-24 fiscal, Unity Bank's net profit grew 12-fold to Rs 439 crore.
Net interest income also increased 75 per cent YoY to Rs 981 crore during FY'24.
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