BoR Q1 net profit at Rs. 17.07 crore

Mumbai, July 29, 2009: The Bank of Rajasthan Ltd., one of the leading private sector banks in the country, has announced net profit of Rs. 17.07 crore for the quarter ended 31st March 2009 as against net profit of Rs. 30.92 crore in the previous corresponding quarter. The total income recorded an impressive growth by 11.07% to Rs. 37920 crore as compared to Rs. 34140 crore to previous corresponding quarter.

The advances have recorded a growth by 8.57 % to Rs. 22,800 crore compared to Rs. 21000 crore in the corresponding previous quarter. The deposits have increased by 11.68 % to Rs. 15082 crore against Rs. 13504 crore in the previous corresponding quarter.

The yield on advances also increased to 12.4% as compared to 11% in the previous corresponding quarter. The interest income recorded a growth by 7.22% to Rs.343 crore as compared to Rs.320 crore in the corresponding previous quarter. The CRAR stood at 12.95 % as against 12.26 % in the previous corresponding quarter.

About Bank of Rajasthan Established way back in 1943, Bank of Rajasthan is one of the fastest growing private sector banks in the country, which has made rapid strides by making consistent profits for past several years. With a wide network of 463 branches in the entire length and breadth of the country, Bank of Rajasthan has emerged as one of the largest private sector banks in the country.
The bank has made tremendous and historical progress during the last few years, thanks to the prudent corporate governance and vision shown by the new management. The Bank has over 2 million customer base and offers ATM facilities at over 53,000 ATMs of all banks across the country. All the branches of bank spread over 286 cities across India in 22 states and 2 union territories are offering online services.

The bank has covered 125 cities in Rajasthan alone. Financial Highlights of Bank of Rajasthan The bank had maintained its growth in net profit for the previous financial year 2008-09 as well. The net profit of the bank increased to Rs. 118 crore for the year ended March 31.2009 as against Rs. 115 crore for the previous year.