Brief: India's Equitas Small Finance Bank Sept-Qtr Net Profit Falls

Equitas Small Finance Bank

29/10/2021 14:33

Oct 29 (Reuters) - Equitas Small Finance Bank Ltd  EQUI.NS :
    * SEPT-QUARTER NET PROFIT 411.9 MILLION RUPEES VERSUS 1.03
BILLION
RUPEES YEAR AGO
    * SEPT-QUARTER INCOME EARNED 8.44 BILLION RUPEES VERSUS 7.98
BILLION RUPEES YEAR AGO
    * SEPT-QUARTER PROVISIONS & CONTINGENCIES 1.38 BILLION
RUPEES
VERSUS 747.5 MILLION RUPEES YEAR AGO
    * SEPT-QUARTER GROSS NPA 4.82% VERSUS 4.76% PREV QUARTER
    * SEPT-QUARTER NET NPA 2.46% VERSUS 2.38% PREV QUARTER
    * STRONG REVIVAL OF CREDIT DEMAND WITNESSED ACROSS PRODUCTS
    * Q2 NIM AT 8.14%
    * PAT AFFECTED DUE TO PROVISIONS MADE ON RESTRUCTURED
ACCOUNTS

Source text for Eikon:  ID:nBSE5jY4Q1 
Further company coverage:  EQUI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))