Ujjivan SFB reports net loss of ₹279 cr in Q3
February 03, 2021
Nitin Chugh, Managing Director, Ujjivan Small Finance Bank×
Ujjivan Small Finance Bank reported a net loss of ₹278.83 crore in the third quarter of the fiscal year against a net profit of ₹89.66 crore.
For the quarter ended December 31, 2020, net interest income rose marginally by 1.3 per cent to ₹432.28 crore against ₹426.53 crore in the same period last fiscal.
Net Interest Margin was down at 9.7 per cent in the October to December 2020 quarter compared to 10.9 per cent in the corresponding period last fiscal.
Other income increased by 34.1 per cent to ₹100.43 crore in the third quarter of the fiscal.