Operating Profit of Bhargav Bank Increases 75%

April 25: The operating profit of Bhargav Development Bank has increased by 75 percent to Rs 26.5 million in the third quarter of current fiscal year. Net profit of the bank, however, has decreased by 14 percent to Rs 16.8 million. Decrease in net profit of the bank can be accredited to increase in provision for possible losses by 75 percent. Meanwhile, reserve fund of the bank has increased by six percent while investment has decreased by 31 percent. Bank has capital fund expenditure of 6.37 percent and capital fund adequacy of 12 percent.