Mahalaxmi Bikas  Bank Raises Net Profit by 15%

May 14, 2019 Merolagani

Mahalaxmi Bikas Bank (MLBL) has increased its net profit by 15.13 percent to Rs 387.9 million compared to the Rs 336.9 million of the corresponding period of the last FY.

The bank with Rs 2.84 billion in paid-up capital has reserve fund of Rs 1.28 billion.

During the period, the bank collected deposit of Rs 30.49 billion and extended loan of Rs 26.35 billion. The bank earned Rs 1.26 billion in net interest income during the period compared to Rs 718.9 million of the last FY.

During the period, the bank earned Rs 496.7 million in operating profit compared to Rs 173 million of the last FY.

The bank has bad debt of 3.85 percent,  EPS of Rs 18.18 and net worth per share of Rs 145.23.

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