Rastriya Banijya Bank Reports 175.52% Surge in Net Profit to Rs. 1.64 Arba in Q1 FY 2083/84; Impairment Charges Down By 63.51%
Summary
Rastriya Banijya Bank reported a 175.52% jump in net profit to Rs. 1.64 Arba in the first quarter of FY 2083/84, driven by higher net interest income and sharply lower impairment charges. Its annualized EPS rose to Rs. 42.20, while deposits and loans also posted modest growth.
Key Points
- Rastriya Banijya Bank’s net profit rose 175.52% year-on-year to Rs. 1.64 Arba in Q1 FY 2083/84.
- Net interest income increased 37.46% and impairment charges fell 63.51%, lifting operating profit by 175.91%.
- Deposits grew 4.16% and loans and advances increased 2.51% during the quarter.
- Annualized EPS climbed to Rs. 42.20, while the capital adequacy ratio stood at 11.53% and NPL ratio at 3.89%.
