Green Development Bank Posts Rs. 1.10 Crore Net Profit in Q2 FY 2082/83; Net Interest Income Rises 21.47%
Summary
Green Development Bank Limited reported a 26.04% increase in net profit to Rs. 1.10 crore in Q2 FY 2082/83, supported by a 21.47% rise in net interest income to Rs. 10.44 crore.
Key Points
- Green Development Bank posted a net profit of Rs. 1.10 crores in Q2 FY 2082/83, up 26.04% from the previous year.
- Net interest income increased by 21.47% to Rs. 10.44 crores.
- Deposits declined by 4.68% to Rs. 6.07 arba, while loans and advances rose by 3.58% to Rs. 4.86 arba.
- Non-performing loans decreased to 4.20% and cost of funds fell to 4.88%.
- The capital adequacy ratio stood at 14.33%, annualized EPS increased to Rs. 3.58.
