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Metropolis Union Financial institution This autumn web revenue surges 88% to ₹209 crore

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The web revenue of personal sector lender Metropolis Union Financial institution grew by 88% within the This autumn of FY21-22 and stood at Rs 208.9 crore

The web revenue of personal sector lender Metropolis Union Financial institution grew by 88% within the This autumn of FY21-22 and stood at  Rs 208.9 crore

Personal sector lender Metropolis Union Financial institution has reported an 88% development in its standalone web revenue for the fourth quarter that ended March to ₹209 crore over the year-earlier interval.

Complete earnings rose to ₹1,253 crore from ₹1,135 crore. Web curiosity earnings rose to ₹501 crore from ₹429 crore, it stated in a regulatory submitting.

Web curiosity margin elevated to 4.01% from 3.72%, the financial institution stated in a presentation.

Gross non-performing belongings declined to 4.70% from 5.11% and web NPA to 2.95% from 2.97%. Provisions rose to ₹231 crore from ₹188 crore.

The financial institution reported whole enterprise of ₹88,846 crore towards ₹81,558 crore for FY22. CASA deposits elevated by 20% to ₹15,529 crore and it represented 33% to whole deposits.

In the previous couple of quarters, CUB targeted extra on gold loans which elevated by 38% to ₹9,003 crore and it accounted for 22% of gross advances.

The board has declared a dividend of ₹1 per share.

In the course of the interval underneath overview, whole earnings rose to ₹1,253 crore from ₹1,135 crore. Web curiosity earnings rose to ₹501 crore from ₹429 crore, it stated in a regulatory submitting.

Web curiosity margin elevated to 4.01% from 3.72%, the financial institution stated in a presentation.

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Gross non-performing belongings declined to 4.70% from 5.11% and web NPA to 2.95% from 2.97%. The supply protection ratio stood at 64%.

The financial institution reported whole enterprise of ₹88,845 crore in FY22 towards ₹81,557 crore within the year-earlier interval. CASA deposits elevated by 20% to ₹15,529 crore and it represented 33% of the entire deposits.

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