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Unity Small Finance Bank Reports Rs 143 Crore Q4 Net Profit, A 12-Fold Growth For FY'24
Unity Small Finance Bank's net profit for the January-March quarter surged to Rs 143 crore, marking a 12-fold growth for the FY'24, driven by higher net interest income.
06 May 2024, 07:15 PM IST 
(Source: Official website of the Unity Small Finance Bank)
Unity Small Finance Bank on Monday reported a net profit of Rs 143 crore for the January-March quarter buoyed by higher net interest income.
The bank, promoted by Centrum Financial Services, had reported a net loss of Rs 52 crore in the March quarter of 2022-23 fiscal.
The small finance bank's net interest income grew 55% to Rs 281 crore during the March quarter of FY'24.
For the full 2023-24 fiscal, Unity Bank's net profit grew 12-fold to Rs 439 crore.
Net interest income also increased 75% YoY to Rs 981 crore during FY'24.
