Kalinchowk Development profit soars 156.58% to Rs 47.77 lakh

ShareSansar, May 27:

Kalinchowk Development Bank has posted a massive 156.58% growth in profit for the third quarter of fiscal year 2071/72. The bank reported a net profit of Rs 47.77 lakh in the quarter as against Rs 18.62 lakh posted in the corresponding period last year.

The bank’s deposits increased to Rs 20.86 crore in the Q3 of 2071/72 from Rs 15.34 crore reported in the same period last year. Likewise, its loans and advances which stood at Rs 13.20 crore during the previous third quarter rose to Rs 22.44 crore this year.    

Kalinchowk Development’s net interest income jumped to Rs 1.45 crore in the Q3 of 2071/72 from Rs 81.60 lakh posted in Q3 of last year.

Its CD ratio stands at 70.49%, annualized EPS at Rs 4.78 and net worth per share at Rs 111.83.