Saptakoshi Development Bank Posts 86.18% jump in Net Profit as Cost of Fund Drops to 3.7
Summary
Saptakoshi Development Bank posted an 86.18% increase in net profit to Rs. 15.04 crore in Q4 FY 2082/83, alongside a drop in cost of funds to 3.7% and improved capital adequacy ratio.
Key Points
- Saptakoshi Development Bank's net profit surged 86.18% to Rs. 15.04 crore in Q4 FY 2082/83.
- Total deposits increased by 66.48% to Rs. 8.88 arba, and loans rose by 10.41% to Rs. 5.56 arba.
- Cost of funds decreased from 4.30% to 3.70%, contributing to improved profitability.
- Capital adequacy ratio improved to 11.29% with net worth per share rising by 30.23%.
