Modest profit growth of Tinau Bikas Bank by 33.23% in Q2; NPL stood at 0.15%

Tinau Bikas Bank Limited (TNBL) has reported a net profit of Rs 2.56 crore in the second quarter for the fiscal year 2072/73.The profit increased by 33.23% compared to the net profit of the corresponding quarter of the previous fiscal year. As per the unaudited financial report published today, the bank has posted net interest income of Rs 5.52 crore in the Q2 increasing from Rs 4.16 crore in the corresponding quarter of the previous fiscal year. It has collected Rs 2.80 arba in deposits and disbursed Rs 2.07 arba in loans compared to Rs 1.97 arba in deposits and Rs 1.60 arba in loans in the corresponding quarter of the previous fiscal year. TNBL Non Performing Loan (NPL) remained constant at 0.15% in Q2 and in the corresponding quarter of the previous fiscal year. The development bank’s CD ratio is at 67.07%. It’s annualized Earning per Share (EPS) remains at Rs 23.45 and net worth per share is at Rs 133.3. Its PE stands at 13.01 times.