Small finance banks reported lower profits this quarter. Higher credit costs and expenses impacted their earnings. AU Small Finance Bank, Jana, and Ujjivan all saw their net interest margins contract. Despite these challenges, the banks expressed confidence in improving credit quality from unsecured lending in the coming months. Loan books showed growth, with a focus on secured assets.
from Banking/Finance-Industry-Economic Times https://ift.tt/eS0CxEX
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