NEWS & ADVICE : SAVINGS ACCOUNTS
Ratnakar bank reported a profit of 93 crore
By Vaibhav Aggarwal
May 27, 2014
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Ratnakar Bank limited reported that bank has earned a net profit of Rs 93 crore this fiscal year. The total income of the bank was found to be Rs 603 crore. The profit of the bank has increased by 1 crore. Last year RBL bank gained over the commercial and home loan portfolio along with its credit card business in India of the Royal Bank of Scotland.

The net income of the bank has increased by 57 % from Rs 384 crore to Rs 603 crore. The bank has added 135 new branches and is having a network of 350 ATMs across the country. In the same period, deposits also grew by 39% year on year to Rs.11,599 crore. The bank has also been working at growing in CASA, known as low-cost deposits. The Gross NPAs of the bank were 0.79% and the Net NPAs is 0.31%. The bank also remains well capitalised and with the infusion of Rs 1500 crore over the last three years.


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