Jyoti Bikas Bank Earns Rs 170 Mn in Q2

Jan 23, 2019 Merolagani

Jyoti Bikas Bank (JBBL) has earned a net profit of Rs 170.4 million in the second quarter of the current FY compared to Rs 142.5 million of the corresponding period of the last FY.

In the review period, the bank collected Rs 23.58 billion in deposit and extended loan of Rs 20.33 billion. During the period, the bank borrowed Rs 2.02 billion.

Similarly, the bank increased its net interest income by 36.63 percent to Rs 466.6 million from earlier Rs 341.5 million.

The bank has a paid-up capital of Rs 2.59 billion while it raised its reserve fund by 86.70 percent to Rs 457.4 million.

The bank has EPS OF Rs 10.99, bad debt to .59 percent, net worth per share of Rs 117.64 and P/E ratio of 10.50 times.

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