In financial year 2022, the net profit of small finance banks in India amounted to over 9.7 billion Indian rupees. It was a significant decline in profits compared to fiscal year 2021, wherein a profit of 20 billion rupees had incurred. Earlier, the abrupt growth in profits was mainly attributed to improved asset quality, leading to significant contractions in provision and contingencies requirements.
Net profit of small finance banks in India from financial year 2019 to 2022
(in billion Indian rupees)
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Reserve Bank of India. (December 27, 2022). Net profit of small finance banks in India from financial year 2019 to 2022 (in billion Indian rupees) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1253940/india-small-finance-banks-net-profit/
Reserve Bank of India. "Net profit of small finance banks in India from financial year 2019 to 2022 (in billion Indian rupees)." Chart. December 27, 2022. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1253940/india-small-finance-banks-net-profit/
Reserve Bank of India. (2022). Net profit of small finance banks in India from financial year 2019 to 2022 (in billion Indian rupees). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1253940/india-small-finance-banks-net-profit/
Reserve Bank of India. "Net Profit of Small Finance Banks in India from Financial Year 2019 to 2022 (in Billion Indian Rupees)." Statista, Statista Inc., 27 Dec 2022, https://www.statista.com/statistics/1253940/india-small-finance-banks-net-profit/
Reserve Bank of India, Net profit of small finance banks in India from financial year 2019 to 2022 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1253940/india-small-finance-banks-net-profit/ (last visited November 03, 2024)
Net profit of small finance banks in India from financial year 2019 to 2022 (in billion Indian rupees) [Graph], Reserve Bank of India, December 27, 2022. [Online]. Available: https://www.statista.com/statistics/1253940/india-small-finance-banks-net-profit/
