Massive profit growth of Tinau Bikas Bank by 111.93% in Q3; NPL dropped to 0.13%

Tinau Bikas Bank Limited (TNBL) has posted a net profit of Rs 6.20 crore in the third quarter for the fiscal year 2072/73.The profit massively increased by 111.93% compared to the net profit of the corresponding quarter of the previous fiscal year. The figure stood at Rs 2.92 crore in the corresponding quarter of the previous fiscal year. As per the unaudited financial report published today, the bank has reported net interest income of Rs 8.56 crore in the Q3 increasing from Rs 6.54 crore in the corresponding quarter of the previous fiscal year. It has collected Rs 2.91 arba in deposits and has disbursed Rs 2.34 arba in loans compared to Rs 2.04 arba in deposits and Rs 1.71 arba in loans in the corresponding quarter of the previous fiscal year. It has paid up capital of Rs 24.36 crore and reserve of Rs 8.54 crore. TNBL Non Performing Loan (NPL) dropped to 0.13% from 0.43 % in Q3. The development bank’s CD ratio is at 72.16%. It’s annualized Earning per Share (EPS) remains at Rs 37.85 and net worth per share is at Rs 150.79. Its PE stands at 8.64 times.