RSDC Laghubitta reports impressive profit rise by 84.57% in Q2

RSDC Laghubitta Bikas Bank Limited (RSDC) has posted an outstanding net profit rise of 84.57% in the second quarter of current fiscal year 2072/73. The net profit of the company rose to Rs 66.25 lakh in Q2 up from Rs 35.89 lakh in the corresponding quarter of the previous fiscal year 2071/72. Publishing the unaudited financial report for the second quarter today, the microfinance institution has stated that its operating profit has surged to Rs 1.04 crore in Q2, up from Rs 56.40 lakh in the corresponding quarter of the last fiscal year. Its net interest income rose to Rs 1.26 crore up from Rs 87.52 lakh in the corresponding quarter. The micro finance institution’s borrowing surges to Rs 62.12 crore in Q2 up from Rs 41 crore in the same quarter of previous year. Likewise, it has extended loans and advances of Rs 57.44 crore in Q2 of FY 2072/73 whereas in the same period last year the figure stood at Rs 36.81 crore. RSDC’s has a paid up capital of Rs 6 crore and has Rs 1.59 crore in reserve and surplus. Its non-performing loan is nil.