Bank of Rajasthan nets Rs 110.57 cr profit

Mumbai, May 14 (UNI) Bank of Rajasthan, a private sector bank, has posted net profit of Rs 110.57 crore for the financial year 2006-07 and announced a 20 per cent dividend on equity shares.

The Bank has registered an increase in net profit by 625 per cent at Rs 110.57 against Rs 15.25 crore in the last fiscal. The deposits have increased to Rs 10,815 crore during the same period as against Rs 8,891.28 crore in the previous fiscal, a release here today said.

The Bank has recorded an impressive progress in the net advances with a growth of 39.69 per cent during the same period, the release added.

UNI