Tinau Development Q3 profit rises by 43.67% to Rs 2.93 crore

ShareSansar, April 24:

Tinau Development Bank Limited (TNBL) has posted a rise in profit by 43% for the third quarter of the fiscal year 2071/72.

The bank’s profit rose to Rs 2.92 crore in the quarter from Rs 2.03 crore reported in the corresponding quarter last year.

Tinau Development’s deposit collection has increased to Rs 2.04 arba in the period from Rs 1.65 arba in the same quarter last year.

Likewise, the bank has disbursed loans and advances of Rs 1.71 arba as compared to Rs 1.30 arba extended in the last fiscal.

The bank has maintained a CD ratio of 75.17%. Tinau’s non-performing loan (NPL) has come down to 0.43% from 0.49% reported in the last fiscal.  

The bank’s EPS stands at Rs 21.07 and its net worth per share has been valued at Rs 125.35.