Sindhu Bikas Bank Q3 profit surges 128.32% to Rs 1.05 crore

ShareSansar, April 20:

Sindhu Bikas Bank Limited has posted a massive profit growth of 128.32% for the third quarter of 2072. Its net profit has surged to Rs 1.05 crore, up from Rs 46.35 lakh in the corresponding quarter of the previous fiscal year 2070/71.

According to the unaudited financial report published on Baisakh 7, the bank has mobilized Rs 90.10 crore in deposits and disbursed loans and advances of Rs 72.340 crore in the third quarter.

Its net interest income has also increased to Rs 3.32 crore, up from Rs 2.81 crore reported in the corresponding quarter of previous fiscal year 2070/71.

Also bank’s non-performing loan (NPL) stands at 3.17 percent.

Sindhu’s EPS stands at Rs 13.12 and its net worth per share is at Rs 114.98