Karnali Development Bank Limited (KRBL) has published the unaudited quarterly report for the third quarter of FY 2078/79. The development bank for this quarter incurred a loss of Rs. 1.9 Crores. In the Q3 of the previous fiscal year, the company incurred a net profit of Rs. 1.04 Crores.
The management states that the reason behind drastic changes in the profit figure for this quarter is mainly due to the changes in the office operations because of liquidity volatility in the banking sector, lack of investment opportunities, policy changes by agencies, and competition. In addition, future policy changes by the regulatory body are likely to affect the bank’s profit.
Coming towards the loans and advances of the…
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