The web revenue was Rs 339 crore for the quarter towards Rs 716 crore within the 12 months in the past interval.
The financial institution attributed the autumn in revenue to the stress in microfinance portfolio, which was 4.8% of its complete mortgage ebook of Rs 2.31 lakh crore.
“The revenue was largely impacted by decreased earnings from slowing down disbursal of micro-finance loans, improve in provisions on micro-finance and normalization of credit score prices of non-microfinance enterprise,” the financial institution stated.
Provisions for the quarter stood at Rs 1,338 crore as in contrast with Rs 655 crore within the year-ago quarter, pushed by the upper slippages within the microfinance ebook. The financial institution stated provisions had been secure for the non-microfinance portfolio.
“We’re particularly monitoring the microfinance mortgage ebook carefully contemplating the business scenario… The credit score points within the microfinance section is a transitionary situation which is prone to be resolved inside just a few quarters,” managing director V Vaidyanathan was quoted as saying in a press release issued by the financial institution.The financial institution’s working revenue for the quarter was 13% increased at Rs 1759 crore towards Rs 1563 crore within the 12 months ago-period. Internet curiosity earnings grew 14% year-on-year at Rs 4,902 crore.Internet curiosity margin for the quarter was at 6.04% as in contrast with 6.18% within the previous quarter.
Its gross non-performing belongings ratio worsened to 1.94% as of December 31, 2024, towards 2.04% a 12 months again. Internet NPA was 0.52% as in contrast with 0.68%. Excluding microfinance enterprise, the GNPA was at 1.81%.
The financial institution’s loans and advances expanded by 22% year-on-year to Rs 2.31 lakh crore on the finish of December. Deposits grew 29% to Rs 2.27 lakh crore with the low-cost present and financial savings account ratio sustaining at 48%.
The web revenue was Rs 339 crore for the quarter towards Rs 716 crore within the 12 months in the past interval.
The financial institution attributed the autumn in revenue to the stress in microfinance portfolio, which was 4.8% of its complete mortgage ebook of Rs 2.31 lakh crore.
“The revenue was largely impacted by decreased earnings from slowing down disbursal of micro-finance loans, improve in provisions on micro-finance and normalization of credit score prices of non-microfinance enterprise,” the financial institution stated.
Provisions for the quarter stood at Rs 1,338 crore as in contrast with Rs 655 crore within the year-ago quarter, pushed by the upper slippages within the microfinance ebook. The financial institution stated provisions had been secure for the non-microfinance portfolio.
“We’re particularly monitoring the microfinance mortgage ebook carefully contemplating the business scenario… The credit score points within the microfinance section is a transitionary situation which is prone to be resolved inside just a few quarters,” managing director V Vaidyanathan was quoted as saying in a press release issued by the financial institution.The financial institution’s working revenue for the quarter was 13% increased at Rs 1759 crore towards Rs 1563 crore within the 12 months ago-period. Internet curiosity earnings grew 14% year-on-year at Rs 4,902 crore.Internet curiosity margin for the quarter was at 6.04% as in contrast with 6.18% within the previous quarter.
Its gross non-performing belongings ratio worsened to 1.94% as of December 31, 2024, towards 2.04% a 12 months again. Internet NPA was 0.52% as in contrast with 0.68%. Excluding microfinance enterprise, the GNPA was at 1.81%.
The financial institution’s loans and advances expanded by 22% year-on-year to Rs 2.31 lakh crore on the finish of December. Deposits grew 29% to Rs 2.27 lakh crore with the low-cost present and financial savings account ratio sustaining at 48%.
