Latest News | Unity Small Finance Bank Posts Rs 143 Cr Q4 Net Profit

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.

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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.

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Net interest income also increased 75 per cent YoY to Rs 981 crore during FY'24.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)