Rastriya Banijya Bank net profit dips by 10.36 % in Q1: NPL drops to 3.51%

Rastriya Banijya Bank has reported a net profit of Rs.60.39 crore in the first quarter of the fiscal year 2072/73.The bank’s net profit declined by 10.36% in Q1 as compared to the corresponding quarter of the previous fiscal year. Publishing the unaudited financial report today, the commercial bank’s net interest income doubled to Rs.1.50 arba in the first quarter from Rs.78.07 crore in the corresponding quarter. Rastriya Banijya Bank has a paid up capital of Rs.8.58 arba. The bank has deposits collection of Rs.1.24 kharba in Q1, up from Rs.1.05 kharba in the corresponding period last year. Likewise, it has extended loans and advances of Rs.74.69 arba in Q1.The figure stood at Rs.60.86 arba in the corresponding quarter fo the previous fiscal year. Its non-performing loan dropped to 3.51 percent in Q1 from 3.95 percent in the previous year report.