Private sector lender Ratnakar Bank reported a 112% rise in its net profit for financial year 2011-12 at R66 crore, driven by growth in advances book. The net advances increased 117% to R4,132 crore while total assets grew 111% to R7,205 crore during the period. Total deposits grew 132% to R4,739 crore. ?The bank has made all-round progress in its transformation journey over the last 18 months or so. The bank?s focus on getting the best talent, nurturing the human resources and taking an inclusive approach has allowed us to progress significantly in meeting these objectives,? Vishwavir Ahuja, MD and CEO of the bank, said in a statement.
Ratnakar Bank net profit jumps 112% in FY12
Private sector lender Ratnakar Bank reported a 112% rise in its net profit for financial year 2011-12 at R66 crore, driven by growth in advances book.
