Capital Small Finance Bank net profit up 41% in Q3

1 min read 08 Feb 2022, 07:20 PM IST Join us

Gopika Gopakumar

Net total income rose 22.6% to Rs76.4 crore at the end of December compared to Rs62.3 crore in the same period last year

The bank remains well capitalised with capital adequacy at 19.98%.

MUMBAI : Capital Small Finance Bank reported a 41% year on year jump in the third quarter owing to improvement in total income. The bank’s net profit stood at ₹16.65 crore at the end of December compared to ₹11.8 crore during the same period last year.

Net total income rose 22.6% to ₹76.4 crore at the end of December compared to ₹62.3 crore in the same period last year.

Gross non-performing as a percentage of total assets stood at 2.4% and Net NPA stood at 1.26%.

The SFB has crossed total business worth ₹10,000 crore in the third qurter, said the bank in a statement.

The bank’s loan book saw a 17.2% year on year growth to Rs. 4,178 crore led by retail trade, residential mortgage and agriculture products. 99% of the loan book is secured with an average ticket size Rs. 12.91 lakh, the statement said.

Total deposits rose 13.9% year on year to Rs. 6,059 crore with current and savings account as a percentage of total deposits at 43%.

The bank remains well capitalised with capital adequacy at 19.98%.

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ABOUT THE AUTHOR

Gopika Gopakumar

Gopika Gopakumar has worked for over 15 years as a banking journalist across print and television media. Her expertise lies in breaking big corporate stories and producing news based TV shows. She was part of the 2013 IMF Journalism Fellowship Program where she covered the Annual & Spring meetings of the International Monetary Fund in Washington D.C. She started her career with CNBC-TV18, where she also produced a news feature show called Indianomics and an award winning show on business stories from South India called Up South. She joined Mint in 2016.