Tinau Bikas Bank profit surges by 48.03 % in Q1

Tinau Bikas Bank Limited (TNBL) has posted a net profit of Rs 94.86 lakh in the Q1 for the fiscal year 2072/73.The profit surged by 48.03% as compared to the corresponding quarter of the previous fiscal year. As per the unaudited financial report published today, the bank has reported operating profit of Rs 1.48 crore in Q1. Its net interest income has reached to Rs 2.17 crore in the Q1 increasing from Rs 1.60 crore in the corresponding quarter of the previous fiscal year. The bank has paid up capital of Rs 19.36 crore in Q1. Its NPL decreased from 0.10% to 0.04% in the Q1.Likewise the bank’s CD ratio is 69.47%, Earning Per Share (EPS) and ne t worth remains at Rs 20.49 and Rs 141.28 respectively. Its PE stands at 16.39 times.