Equitas Small Finance Bank reports eight-fold jump in net profit
The bank’s interest income rose 15% to Rs 940.4 crore, while other income grew 28% to Rs 133 crore.Operating profit for the quarter jumped 63% to Rs 268 crore.The lender’s asset quality improved, with the gross non-performing assets ratio falling to 4.1% at the end of June from 4.8% one year before that. The net NPA ratio was at 2.15% against 2.38%.
