Unity Small Finance Bank’s revenue from operations jumped 123% to INR 977 Cr in the fourth quarter of the financial year ending March 2025 (FY25) from INR 438 Cr in the same period last year.
For the quarter, its net profit increased 83%, reaching INR 264 Cr compared to INR 144 Cr in the previous fiscal.
Notably, for the FY25, the bank earned INR 2,837 Cr, up 74% from INR 1,632 Cr in the previous year. Net profit increased 10% to INR 482 Cr from INR 439 Cr previously.
In FY25, Unity Bank rolled out new products, including personal loans and a revamped mobile banking app, while piloting two credit card offerings. Looking ahead, the bank plans to increase its focus on secured lending and expand its customer base through marketing and digital acquisition strategies.
Pertinent to note that, BharatPe owns 49% stake in the bank. It was reportedly planning to sell about 25% of it earlier this year, in order to raise INR $800 Mn.
However, the deal was said to be carried out due to regulatory requirements. According to the licensing requirements, the fintech major needs to cut down about 10% of its stake in the bank within 8 years of the bank being operational.
Notably, the Reserve Bank of India . The bank is a joint venture between Centrum Financial Services Limited (CFSL) and Resilient Innovations Private Limited (RIPL), parent of BharatPe.
The bank’s founding stemmed from a successful bid to acquire the assets and liabilities of the Punjab and Maharashtra Co-operative Bank (PMC Bank), which had been under RBI control.
This comes close on the heels of BharatPe receiving final approval from the RBI to operate as an online payment aggregator (PA). With this, it joined the likes of Razorpay, Cashfree, Innoviti and Easebuzz, MSwipe, Google Pay, among others, which have such licenses.
Notably, the company is also , and has bounced back from losses . To be precise, it has reached this position after the first nine months of the fiscal year from a net loss of INR 492 Cr FY24.
The fintech major reported INR 1787.7 Cr operating revenue in 9M FY25, up x% from INR 1534.4 Cr revenue in the previous fiscal.
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