Shangrila Development Bank Reports 88.99 Crores Net Profit in Q4; Net Interest Income Surges By 7.45%
Summary
Shangrila Development Bank Limited reports a 46.69% increase in net profit reaching Rs. 88.99 crore in Q4 of fiscal year 2082/83, with significant growth in net interest income and improved capital adequacy ratio.
Key Points
- Shangrila Development Bank's net profit increased by 46.69% to Rs. 88.99 crore in Q4 2082/83.
- Net interest income rose by 16.83% to Rs. 2.42 arba, boosting overall performance.
- Impairment charges declined sharply by 73.55%, contributing to earnings growth.
- Bank's capital adequacy ratio improved to 14.63% and NPL ratio stood at 6.87%.
