Metropolis Union financial institution This autumn web rises 4% to ₹218 crore


Metropolis Union Financial institution Ltd. reported fourth-quarter web revenue grew 4.3% year-on-year to ₹218 crore.

For the yr ended FY23, the online revenue grew 23% to ₹937 crore.

Web curiosity earnings (NII) grew to ₹514 crore for the quarter from ₹501 crore within the year-earlier interval.

For FY23, web curiosity earnings elevated by 13% to ₹2,163 crore as in opposition to ₹1,916 crore for the earlier yr.

The personal sector lenders whole deposits by 10% in FY23 to ₹52,398 crore.

Complete advances elevated by 7% to ₹43,971 crore.

The financial institution’s gross NPAs as on March 31 decreased to 4.37% from 4.70% whereas web NPAs decreased to 2.36% from 2.95%.

Provision protection ratio as on March 31 improved to 69% from 64% in FY22.

The financial institution’s capital adequacy as on March 31 stood at 22.34% from 20.85% whereas Tier-1 capital adequacy was 21.27%, properly above the regulatory necessities.

Web Curiosity Margin for FY23 stood at 3.89%, it added.

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