https://www.taxtmi.com/news?id=32230 Reported quarterly profit declined mainly due to an accounting change and additional provisioning for loans that turned bad, with ESOP accounting further reducing profit. Despite higher net revenue and operating profit and a decline in gross and net NPAs, the capital adequacy ratio fell and microfinance collection efficiency was marginally lower. Management announced a strategic shift to emphasize liability products and digital banking to reduce concentration in microfinance. en-us Fri, 31 Jan 2025 20:16:03 +0530 Fri, 31 Jan 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32230 Reported quarterly profit declined mainly due to an accounting change and additional provisioning for loans that turned bad, with ESOP accounting further reducing profit. Despite higher net revenue and operating profit and a decline in gross and net NPAs, the capital adequacy ratio fell and microfinance collection efficiency was marginally lower. Management announced a strategic shift to emphasize liability products and digital banking to reduce concentration in microfinance. News - Fri, 31 Jan 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=32230