Mahalaxmi Bikas Bank publishes incredible financial report for the previous FY; net profit touches almost 1 Arba mark

Mahalaxmi Bikas Bank has registered Rs 95.19 crore in net profit for the last fiscal year which is an increase of 44.21% when compared to the previous year.

The bank has also earned a net interest income of Rs 1.89 Arba, raised deposits of Rs 45.89 Arba, disbursed loans of Rs 40.42 Arba, reduced NPL to 2.43% from earlier 2.80%, has paid up capital of Rs 4.01 Arba, EPS of Rs 23.73%, CAR of 11.94%, core capital fund of Rs 6.42 Arba, as per the media statement.

The bank currently has 103 branches serving its 6 lakh customers, as per the media statement.