Net profit of small finance banks India FY 2019-2021
In financial year 2021, the net profit of small finance banks in India amounted to over 20 billion Indian rupees. It was a significant rise in profits compared to the fiscal year 2019 wherein a loss of seven billion rupees had incurred. The abrupt growth in profits was mainly attributed to improved asset quality, leading to significant contractions in provision and contingencies requirements.
