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Ujjivan Small Finance Bank reports 60% rise in Q1 net profit

27 Jul 2023 Evaluate

Ujjivan Small Finance Bank has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The Bank has reported 59.69% rise in its net profit at Rs 324.07 crore for the quarter under review as compared to Rs 202.94 crore for the same quarter in the previous year. Total income of the bank increased by 42.16% at Rs 1,464.10 crore for Q1FY24 as compared Rs 1,029.92 crore for the corresponding quarter previous year.

Ujjivan Small Finance Bank (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country.

Peers
Company Name CMP
HDFC Bank 711.50
ICICI Bank 1380.15
Axis Bank 1236.90
Kotak Mahindra Bank 443.00
Indusind Bank 862.95
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