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Net interest income increased by about 60% at Rs 294 crore against Rs 185 crore in the year ago period. Total income rose 53.4% at Rs 553 crore.
The company reported its net interest income (NII) at Rs 273.75 crores, clocking a 10.51 percent growth on a quarter-on-quarter basis. Whereas profit after tax (PAT) for the quarter was reported at Rs 114.52 crores clocking a growth of 11.77 percent.
The newly-listed company Fusion Micro Finance has announced its earnings for the second quarter of the current financial year 2022-23.
Get latest articles and stories on Latest News at LatestLY. The microfinance industry grew over 16-times in the last decade with a loan portfolio of Rs 2.85 lakh crore, a study has said. Latest News | Microfinance Sector Grows over 16-fold to Rs 2.85 Lakh Crore over Last Decade : Report.
New Delhi: Microfinance Institutions Network (MFIN), industry association for Microfinance and RBI-recognized self-regulatory organization launched the 2nd edition of Micro Matters: Macro View – India Microfinance Review FY 2021-22 on 4th of November in Mumbai. Dr Alok Misra, CEO and Director of MFIN welcomed the audience in a packed hall, set the context of the report, and