Innovative’s profit surges by 181%; Sindhu Bikas Bank posts profit of Rs 2 crore
Mon, Jul 21, 2014 12:00 AM on Others,
ShareSansar, July 21:
Innovative Development Bank Limited earned a profit of Rs 4 crore 27 lakh 60 thousands in the fiscal year 2070/71. Compared to last fiscal year the development bank’s profit rose by 181 percent.
By the end of this fiscal year the development bank generated deposits of Rs 1 arba 46 crore, loan flow reached Rs 1 arba 12 crore and the paid-up capital Rs 10 crore 50 lakh. The NPL of the bank stands at zero percent.
Similarly, Sindhu Bikas Bank limited earned a profit of Rs 2 crore 45 lakh. The bank generated deposits of Rs 84 crore 5 lakh 92 thousands and the loan flow was Rs 58 crore 84 lakh 11 thousands. The NPL stands at 0.7 percent.
Prudential earns profit of 13 crore; Alpine’s operational profit reaches 3 crore
Likewise, Prudential Finance Company Limited earned net profit of Rs 13 crore 18 lakh. In comparison to last fiscal year the finance company’s deposits increase by 1.17 percent and it stands at Rs 6 crore 60 lakh at the end of this fiscal year.
The loan flow of the finance company is Rs 78 crore 14 lakh and the NPL has decreased by 21.39 percent.
Lastly, Alpine Development Bank earned operational profit of 3 crore 65 lakh in the fiscal year 2070/71.
