Equitas SFB Q1 profit rises marginally

Equitas Small Finance Financial institution Ltd. has reported a web revenue of ₹60 crore for the primary quarter ended June towards a web revenue of ₹59 crore within the year-earlier interval.Revenue earlier than tax, provision and write-offs grew 16% to ₹146 crore. Cumulative COVID-19 provisions totalled ₹144.63 crore. Web curiosity earnings stood at ₹404 crore. Gross NPAs declined to 2.68% (2.73%) and web NPAs to 1.39% (1.54%), mentioned the financial institution.

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