Rastra Utthan Laghubitta earns Rs 1.18 crore till Q2 with capital of Rs 17.5 crore; CAR at 16.33%

Rastra Utthan Laghubitta Bittiya Sanstha Limited has posted a net profit of Rs.118.34 Lakhs in the unaudited second-quarter report for the fiscal year 76/77.

The young microfinance company posted net interest income of Rs.5.23 Crore and total operating income of Rs.7.10 Crore by the end of the second quarter of FY 76/77.

The company has collected deposits worth Rs.57.78 Crore while it has issued loans worth Rs.1.20 Arba. As of the end of the second quarter, the borrowings of the company stands at Rs.58.83 Crore.

As per the second-quarter report, the paid-up capital of the company stands at Rs.17.50 Crore with Rs.6.56 Crore as reserves.

The microfinance institution with issued capital of Rs.26 Crore will issue Rs.8.50 Crore shares to the general public as IPO in the near future, as per the institution in its media statement. This announcement was made in the third week of Falgun 2075 but no concrete steps have been taken.

Second Quarter Report