Rastriya Banijya Bank stands first in first quarter

The government owned Rastriya Banijya Bank has published its first quarterly report for the fiscal year 2075-76 reporting the highest net profit among the 28 commercial banks. The bank has earned Rs 1.11 arba in net profit during the review period.

The bank also stood first in terms of deposit collection since this figure stood at staggering Rs 1.64 kharba thereby disbursing loans of Rs 1.23 kharba.

These are the increaments of 57.73% 10.53% and 13.12% in all 3 above mentioned headings respectively.

After the acquisition of NIDC Development bank last year, the bank’s paid up value stands at Rs 9 arba and the has a strong of Rs 12.54 arba.

The bank currently has its presence at 75 districts through 208 branches, 165 ATM outlets and 93 branchless banking units.