The company's net interest margin stood at a "healthy" 8.4 per cent in the three months ended September on the back of third consecutive quarter reduction in absolute net NPAs, and in cost of borrowings, a Magma Fincorp release said.
The firm made non-performing assets (NPA) provision of Rs 75 crore in the reporting quarter as against Rs 91 crore in April-June.
"This provision includes proportionate additional provision of Rs 7.9 crore, for migration to 90 days past due (dpd) by March, 2018," the release said.
The company's board has approved capital raising up to Rs 750 crore, subject to approval of shareholders, it added.
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