New Delhi, Jan. 31 -- Equitas Small Finance Bank Limited on Friday reported over 67 percent year-on-year (YoY) dip in net profit Rs 66.3 crore in Q3FY24, compared to Rs 202 crore in the same quarter last year.
The net interest income (NII) grew 23.8 percent year-on-year Rs 7,433.1 crore, as against Rs 6,002.1 crore, the bank said in a regulatory filing with the stock exchanges.
Dip in net profit has been accorded to surge in provisions to Rs 243 crore, which is significantly higher than Rs 84.4 crore, the bank said, adding its Balance sheet size crossed Rs 50,000 crore.
UNI SKB CS1823
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