Capital Small Finance Bank has reported a 17% rise in net profit at Rs 34 crore for the third quarter ending December 30, 2024 against Rs 29 crore in the year-ago quarter.
Operating profit was 20% higher at Rs 48 crore against Rs 40 crore.
The net interest margin for the Jalandhar-headquartered bank was at 4.3% in the third quarter, improved from 3.9% in the year-ago period.
The bank is targeting to raise the NIM further to 4.4%, executive director Munish Jain said. «We will focus on growing our non-fund based business in the next fiscal,» he said.
The bank, which operates in the country's north-west belt, grew advances 19% year-on-year to Rs 6,816 crore with 99% of it being secured loans.
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