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ESAF Small Finance Bank Q1 Results: PAT falls 52% to Rs 63 crore
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provisions and contingencies of Rs 169 crore, in line with rise in gross non-performing assets ratio to 6.6% at the end of June from 1.65% a year back.
Its net interest income remained flat at Rs 588.4 crore while total income was merely 3.7% higher at Rs 704 crore. In contrast, operating expenses for the quarter rose 19% at Rs 450 crore.
Operating profit fell by nearly 16% at Rs 254 crore.
The Thrissur-headquartered lender saw its total loan book growing 14.3% year-on-year to Rs 19,664 crore even as the first quarter disbursements stood at Rs 4,503 crore as against Rs 4,509 crore in the year-ago period.
The total deposits grew by 33.4% to Rs 20,887 crore with current and savings account ratio being at 23.6%.
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