NIDC Development profit dips marginally to Rs 34.20 crore
Thu, May 21, 2015 12:00 AM on Others,
ShareSansar, May 21:
NIDC Development has posted 0.80% decline in net profit for the third quarter of the fiscal year 2071/72.
The bank’s net profit declined to Rs 34.20 crore in the period compared to Rs 34.48 crore reported in the corresponding quarter of the fiscal year 2070/71, as per the unaudited financial report for the third quarter published today.
The bank’s deposits fell to Rs 1.29 arba in the 3rd quarter of the ongoing fiscal as against Rs 1.42 arba collected in the corresponding quarter last year. It extended loans of Rs 1.70 arba, up from Rs 1.60 arba.
Bank’s net interest income has increased from Rs 24.13 crore in the corresponding quarter last year to Rs 40.72 crore in the third quarter of 2071/72.
It posted an operating profit of Rs 22.92 crore.
The bank’s non-performing loan (NPL) slid to 19.67% from 21.64% reported in the third quarter of the last fiscal year.
Its EPS (annualized) stands at Rs 109.69, net worth per share at Rs 713.38 and CD ratio at 50.54%.
