Siddhartha Development Bank in Profit

ShareSansar, November 14:

Making a press release by the Siddhartha Development Bank, it has annouced a net profit of Rs 2 crore in the first quarter of the current fiscal year.

Further, the bank has stated that they have lowered the Non performing Loan (NPL) which stood at 17.65 percent in the corresponding quarter of last fiscal year, to the level of 4.94 percent by the end of first quarter.

Likewise, the development bank has declared that they have mobilized Rs 5.19 arba in deposit and Rs 4 arba in loan in the first quarter of this fiscal year.