Bank of Rajasthan''s net profit rises 100% to Rs 25 crore in Q1

Mumbai: Bank of Rajasthan (BoR) has registered a rise of 101.02 per cent in net profit to Rs 25.59 crore for the first quarter ended 30 June 2003, as against Rs 12.73 crore recorded in the corresponding period previous year.

The bank's total income rose to Rs 158.39 crore (Rs 133.70 crore), according to BoR chairman P K Tayal. "The interest income was up at Rs 120.56 crore (Rs 116.18 crore) while other income swelled to Rs 37.83 crore (Rs 17.52 crore)."

The deposits of the bank recorded a 27.3-per cent rise and the cost of deposits has reduced to 5.75 per cent from 7.21 per cent.