Mumbai, May 27: Bank of Rajasthan (BoR) has reported a 52.5% rise in net profit at Rs 21.8 crore during the quarter ended March 31, ‘03, against Rs 14.3 crore during the corresponding period of the previous year. During FY03, the bank reported a net profit of Rs 68.4 crore, which is 69.7% higher than Rs 40.3 crore. The bank’s board has recommended a dividend of 20%.
During the quarter, interest income rose 13.9% to Rs 125.8 crore from Rs 110.4 crore. Other income, however, fell by 28% to Rs 37.7 crore from Rs 52.4 crore. Gross income rose marginally to Rs 163.5 crore from Rs 162.8 crore.
Interest expenses rose by 13% to Rs 73.3 crore from Rs 84.3 crore. Operating expenses grew by 27.3% to Rs 47.6 crore from Rs 37.4 crore.
Provisions and contingencies fell by 39% to Rs 8.5 crore from Rs 13.9 crore.
Capital adequacy ratio (CAR) rose to 11.3% from 10.3%.
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