Net Profit of Kanchan Development Bank Increases 38%

May 13, 2019 Merolagani

Kanchan Development Bank (KADBL) has increased its net profit by 38.47 percent to Rs 55.2 million compared to Rs 39.8 million of the corresponding period of the last FY.

The bank with Rs 531.3 million in paid-up capital has Rs 117.2 million in reserve fund.

During the period, the bank collected deposit of Rs 5.08 billion and extended loan of Rs 4.47 billion.

 The bank has bad debt of 1.83 percent,  EPS of Rs 13.86 and net worth per share of Rs 122.06.    

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3 billion investment post-lockdown

Jun 06, 2020 10:50 AM

Investment worth almost Rs. 3 billion has been received from home and abroad in various industries in the past one month of the lockdown period. Four domestic and 11 foreign industries in the country got investment worth Rs. 2.74 billion in the past one month, according to the Ministry of Industry, Commerce and Supplies.