Medilytix Bureau:
The small finance bank’s net interest income (NII) grew 5 per cent year-on-year (YoY) to Rs 454 crore during the quarter under review. On a quarter-on-quarter (QoQ) basis, NII rose 16 per cent from Rs 391 crore in July-September quarter. Net interest margin stood at 9.1 per cent as against 9.7 per cent a year ago and 8.1 per cent in the preceding quarter.
Total deposits grew 34 per cent YoY to Rs 15,563 crore, while retail deposits stood at 53 per cent of total deposits as against 48 per cent in December quarter of previous year. The CASA (current account and savings account) ratio stood at 26 per cent during December 2021 quarter as compared with 18 per cent in the year-ago quarter.
The bank said it added 2.1 lakh customers during December quarter, while the addition in April-December period stood at 5 lakh.