Utkarsh Small Finance Bank Q1 Results: Profit jumps 20% YoY to Rs 107 crore on lower provisions

Its net interest margin for the quarter was however lower at 9.2% as compared with 9.7% earlier. Net interest income was 21% higher at Rs 422 crore. The bank expects that yield on advances would improve in the next few quarters with re-pricing of interest rates in microfinance, which is its lending segment

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