BoR Q1 net up to Rs 30.92cr
The Bank of Rajasthan Ltd., one of the leading private sector banks in the country, has announced net profit of Rs. 30.92 crore showing an increase of 2.49 % against net profit of Rs. 30.17 crore in the previous corresponding quarter. The Earning per Share (EPS) has gone up to Rs.2.30 during the quarter ended June 2008 from Rs 2.24 during the quarter June 2007.
The interest income recorded impressive growth by 28.48% to Rs.319.61 crore compared to Rs.248.76 crore in the corresponding previous quarter. The CRAR stood at 12.26% as against 11.90% in the previous corresponding quarter.The net NPAs (Non Performing Assets) have come down significantly to 0.42% from 0.67% during the previous quarter ended June 30, 2007. The bank’s net NPA stands at Rs 31.67 crore against Rs.34.94 crore in the previous corresponding quarter.
BoR has converted all its branches online on a pan India basis and has emerged as one of the most technology driven private sector banks.
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