Modest profit growth of Kanchan Dev. Bank by 20.23% in Q3; NPL dropped from 2.24% to 0.92%
Thu, Apr 28, 2016 12:35 PM on Latest, Financial Analysis, Featured, Stock Market,
Kanchan Development Bank Limited (KADBL) has posted a net profit rise by 20.32 percent for the third quarter (Q3) of the fiscal year 2072/73.
According to the unaudited financial report published by the development bank today, its net profit increased to Rs.3.36 crore in the third quarter up from Rs. 2.79 crore in the corresponding quarter of the previous fiscal year.
It’s paid up capital remains at Rs.19.80 crore with reserve of Rs 5.47 crore.
Kanchan Development Bank’s net interest income inched up to Rs.6.87 crore in the Q3 as compared to Rs 5.25 crore in the corresponding quarter.
The development bank has collected deposits of Rs 1.70 arba in Q3.The figure was Rs 1.23 arba in the previous fiscal year. It has disbursed loans and advances of Rs 1.50 arba in Q3 whereas in the same period last year the figure stood at Rs.1.11 arba.
KADBL non-performing loan decreased to 0.92 percent in Q3 from 2.24 percent in corresponding quarter.
Kanchan Development Bank’s annualized earning per share (EPS) stands at Rs 22.68, net worth per share at Rs 127.66 and CD ratio is 76.77 percent.
Kanchan Development Bank’s net interest income inched up to Rs.6.87 crore in the Q3 as compared to Rs 5.25 crore in the corresponding quarter.
The development bank has collected deposits of Rs 1.70 arba in Q3.The figure was Rs 1.23 arba in the previous fiscal year. It has disbursed loans and advances of Rs 1.50 arba in Q3 whereas in the same period last year the figure stood at Rs.1.11 arba.
KADBL non-performing loan decreased to 0.92 percent in Q3 from 2.24 percent in corresponding quarter.
Kanchan Development Bank’s annualized earning per share (EPS) stands at Rs 22.68, net worth per share at Rs 127.66 and CD ratio is 76.77 percent.
