Rastriya Banijaya Bank reports decline in its net profit from Rs 2.21 arba to Rs 1.74 arba; government-owned bank reportedly hit hard by COVID economic crises

Rastriya Banijaya Bank has registered negative growth in its net profit during the Q2 of fiscal 2077-78 where it has earned Rs 1.74  arba, down from Rs 2.21 arba during the Q2 last year.

The bank has Rs 3.91 arba as net interest income, the operating profit of Rs 4.65 arba, maintained shareholder welfare fund of Rs 25.47 crore, investment of Rs 74.58 crore, raised deposits of Rs 2.41 kharba, provided loans of Rs 1.62 kharba, as per the media statement.

The bank registered a CAR of 12.70%, CCD of 65.40%, base rate of 5.61%, spread rate of 4.09%, CoF of 3.29%, and EPS of Rs 38.84 during the review period.