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Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta’s net profit falls in the third quarter; NPL rises to 1.37%

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Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta’s net profit falls in the third quarter; NPL rises to 1.37%

RSDC Laghubitta Bittiya Sanstha (RSDC) has released its third-quarter report for FY 2079/2080, which shows an 8.81% decrease in Net Profit. According to the company’s report, net profit fell to Rs. 8.69 crores from Rs. 9.43 crores in the previous year’s similar period.

The company’s distributable profit after PL Appropriation and Regulatory Adjustments was Rs 5.63 crores in the third quarter.

On the other hand, the company’s borrowings climbed by 32.42% to Rs. 5.93 Arba, up from Rs. 4.47 Arba in the same quarter last year. In this quarter, the company’s loans and advances to cooperatives climbed by 24.60% to Rs. 6.71 Arba.

Topics Covered in this post:
kabeli | increase | chartered | for | net | oil | Growth | Banking | Live Indices | Laghubitta
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