Rastriya Beema Sansthan profit diminishes by half; net profit Rs.43.09 lakh

Rastriiya Beema Sansthan (RBS) net profit has dropped by 53.52% for the first quarter of the fiscal year 2072/73. According to the unaudited report for the first quarter published today, the insurance company reported a net profit of Rs.43.09 lakh in the Q1 of current fiscal year, decreasing from Rs.92.72 in the corresponding period last year. The company’s earnings from premiums slightly rose to Rs.56.80 crore from Rs.55.90 crore. RBS has a paid up capital of Rs.93 lakh. The reserve fund of the company increased to Rs.29.97 crore in Q1 .The figure was Rs.28.48 crore in the corresponding quarter previous fiscal year. The company’s insurance fund decreased to Rs.11.81 arba from Rs.14.02 arba.