Bangalore-based Ujjivan Small Finance Bank saw a consolidated net Profit of Rs 450 million in the quarter ended June, against Net Loss of Rs 749 million in the year-ago quarter.
The bank's net interest income, or the interest earned minus interest expended, rose 61 per cent on a year-on-year basis to Rs 2.22 billion, said the bank in a filing to the exchanges.
Net Interest Margin, the difference between the yield on advances and cost of funds, stood at 11.6% in June 2017, against 9.2% in June 2017. Gross Loan Book grew by 20.5 per cent to Rs 77.87 billion while disbursements