Jyoti Bikas Bank's FY 2082/83 Net Profit Soars Over 9-Fold to Rs. 1 Arba
Summary
Jyoti Bikas Bank Limited reported a net profit of Rs. 1.00 arba in FY 2082/83, jumping 905.75% year-on-year on stronger operating income and a sharp drop in impairment charges. Deposits rose 11.15% and loans and advances increased 6.61%, while the bank’s NPL ratio improved to 6.55%.
Key Points
- Jyoti Bikas Bank posted a net profit of Rs. 1.00 arba in FY 2082/83, up 905.75% from a year earlier.
- Net interest income grew 11.77% to Rs. 2.34 arba, while operating profit surged 360.15% to Rs. 1.79 arba.
- The bank recorded a write-back of Rs. 30.12 crore in impairment charges, helping boost profitability.
- Its NPL ratio improved to 6.55% and the Capital Adequacy Ratio stood at 14.05%.
