Kerala Bank records ₹61.99 cr. net profit in first full fiscal since formation
The Hindu
9.27% hike in deposits, NPA brought down to 14.40%
The Kerala Bank has recorded a net profit of ₹61.99 crore in the first full financial year after its formation, Minister for Cooperation V.N. Vasavan has said.
Speaking at a press conference here on Wednesday, he said that the bank posted an increase of 9.27% in deposits from ₹61,027 crore to ₹66,731 crore. The bank has a total business of ₹1,06,396 crore as on March 31, 2021.
Mr. Vasavan said that the bank had been able to bring down its Non-Performing Assets (NPA) from over 25% during the time of merger to 14.40% now at ₹5,738 crore.
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