Sahara Bank Earns Net Profit of Rs 20.6 Mn

Apr 29, 2019 Merolagani

Sahara Bank soon to be acquired by Deva Bikas Bank has earned a net profit of Rs 20.6 million in the third quarter of the current FY. The bank earned the net profit of Rs 13.7 million in the corresponding period of the last FY.

The bank with Rs 163.3 million in paid-up capital has reserve fund of Rs 53.7 million. During the period, the bank collected deposit of Rs 622.2 million and extended loan of Rs 644.1 million.

During the period, the bank earned a net interest income of Rs 29.1 million. The net interest income increased by 15.37 percent compared to Rs 25.2 million of the review period of the last FY.

The bank has bad debt of 0.19 percent, EPS of Rs 12.66, net worth per share of 132.91 and P/E ratio of 36.33 times.

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