According to the unaudited quarterly report the bank has published today, its net profit surged to Rs 10.18 crore from Rs 2.60 crore in the corresponding quarter of the last fiscal year.
The profit was largely propelled by its core business as shown by its net interest income, which rose to Rs 19.54 crore in the first quarter, up from Rs 1.39 crore in the corresponding quarter.
One of the newest commercial bank also mobilized Rs 13.92 arba in deposit and Rs 12.99 in loan in the first quarter.
It had mobilized Rs 10.66 arba in deposit and Rs 10.22 arba in loan in the first quarter of the last fiscal year.
However, its non performing loan has increased to 1.68 percent from 0.97 percent in the corresponding quarter of last fiscal year.
Its EPS annualized stand at Rs 16.98 and per share net worth at Rs 118.61.
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-sharesansar
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