PTI | | Posted by Singh Rahul Sunilkumar
Sure Financial institution on Saturday reported 32 per cent decline in standalone internet revenue at ₹152.82 crore for September quarter 2022 on greater provisions.
The financial institution had posted a internet revenue of ₹225.50 crore for the year-ago similar interval. In previous June quarter 2022, the online revenue stood at ₹310.63 crore.
Complete earnings throughout July-September 2022-23, nevertheless, was greater at ₹6,394.11 crore as towards ₹5,430.30 crore in the identical interval a yr in the past, Sure Financial institution mentioned in a regulatory submitting.
The personal sector lender improved on its asset high quality and introduced down gross non-performing belongings (NPAs or unhealthy loans) to 12.89 per cent of gross advances as of September 30, 2022 as towards 14.97 per cent by finish of September 2021.
Likewise, internet NPAs got here down to three.60 per cent from 5.55 per cent.
Nevertheless, provisions for unhealthy loans and contingencies had been raised to ₹582.81 crore for Q2FY23 from ₹377.37 crore saved apart for Q2FY22.