ESAF Small Finance Bank posts Rs 160 crore Q2 profit as asset quality improves
60-Word AI Digest
ESAF Small Finance Bank reported a net profit of Rs 160 crore in Q2, reversing a Rs 116 crore loss in the year-ago period. Improved margins, lower provisions and stronger asset quality supported the turnaround, while advances and deposits grew 25% and 24%, respectively.
Key Takeaways
- ESAF Small Finance Bank reported a net profit of Rs 160 crore in Q2, reversing a Rs 116 crore loss in the year-ago period.
- Improved margins, lower provisions and stronger asset quality supported the turnaround, while advances and deposits grew 25% and 24%, respectively.
- Full details and original dispatch available below.
ESAF Small Finance Bank reported a net profit of Rs 160 crore in Q2, reversing a Rs 116 crore loss in the year-ago period. Improved margins, lower provisions and stronger asset quality supported the turnaround, while advances and deposits grew 25% and 24%, respectively.
Original Publisher Attribution
This summary was curated from Economic Times.