The Hindu Business Line : Bank of Rajasthan net up 43%

Bank of Rajasthan's net profit increased by 43 per cent to Rs 34.63 crore for the quarter ended September 30, 2008, against Rs 24.16 crore for the corresponding quarter last year, on the back of strong interest income. The net interest income increased to Rs 104.61 crore (Rs 69.21 crore), a growth of 51 per cent. Other income fell to Rs 24.89 crore (Rs 26.78 crore). Advances grew by 46 per cent to Rs 7,983 crore (Rs 5,478 crore), according to a press release from the bank. Deposits increased by 27 per cent to Rs 13,995 crore (Rs 11,019 crore). Net interest margin increased to 2.5 per cent (2 per cent). Net NPA was down to 0.4 per cent (0.57 per cent). Capital Adequacy Ratio was down to 11.91 per cent (13.35 per cent). The bank had issued bonus shares in the ratio of 1:5, earlier this month. On Friday, the shares of Bank of Rajasthan closed at Rs 42.10, down 0.94 per cent against Thursday's close of Rs 42.5, on the BSE. - Our Bureau

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