he net profit of Capital Small Finance Bank rose 32.4% year-on-year(y-o-y) in the first half of the current financial year due to a rise in total interest earned.
The bank posted a bottom-line of Rs 54.4 crore, higher than the Rs 41.1 crore a year ago.
The Punjab-based small finance bank’s total interest earned rose 20.4% y-o-y to Rs 386 crore in April-September.
Total business crossed Rs 12,800 crore as on September 30, with gross Advances at Rs. 5,866 crore and deposits at Rs. 7000.3 crore.
Return on assets rose to 1.29% as on September 30 from 1.10% a year ago. Return on equity rose to 16.45% as on September 30 from 15.32% a year ago.
Net non-performing asset ratio stood at 1.36 % as on September 30.
The bank offers a range of banking products on the asset and liability side. Its products include agriculture loans, micro, small and medium-sized enterprises, trading loans and mortgages.
“Amidst challenging macro environment, tighter liquidity and persistent inflation, we have been able to sustain our growth. We remain committed to continued growth and innovation as we move forward,” Sarvjit Singh Samra, Managing Director and Chief Executive Officer said.
Recently, Samra told FE in an interaction that the bank will apply for an authorised-dealer I license with Reserve Bank of India (RBI) soon.