Metra Trust’s Q1 FY24 Results: CEO Interview Highlights
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CEO’s Perspective
“We don’t want to hit any sixes and fours. If we take the singles and twos and stay at the pitch for long, you can accumulate a lot of runs on this pitch.”
Metra Trust
Solid Financial Performance
Metra Trust posted a 61% rise in net profit in Q1FY24 on the back of 36% net interest income growth. Loan book & deposits grew 25% & 44% respectively y-o-y.
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“The result of today’s work is a continuation of our past work. We have been building up our franchise, and now the momentum of earnings are building up.”
Metra Trust
Outlook for the future
1. “In the long run, our focus is very simple: grow deposits more than loans, and in a steady manner.”
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2. “Credit quality should never be compromised”
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3. “Our credit cost should be low, which is the case right now.”
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4. “The Special Mention Accounts (SMA) that feeds into the NPA should be very low. Our SMA is 0.85 per cent right now.”