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3 banks with triple-digit profit growth at up to 72% lower P/Bs than AU Small Finance Bank

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Three small finance banks—Ujjivan, Equitas, and Jana—reported triple-digit net profit growth in Q2FY27, trading at significant discounts to AU Small Finance Bank. Ujjivan's gold loans surged 210% while Equitas and Jana posted 808% and 126.7% profit growth respectively, driven by high net interest margins and strong loan book expansion.

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