Shubha Laxmi Finance Limited has posted a net profit of Rs 7.3 million in the last fiscal year. At the second annual general meeting held on Monday, Achyut Ballav Pant, chairman of the finance company, stated that the company over the two years of its operation has mobilized deposits of Rs 351.7 million over the two years of its operation as at the end of the last fiscal year. Deposits of Rs 236.8 million that the company mobilized in 2008/09 was two-fold rise over what was mobilized a year ago, states a press release.
The company had issued loans of Rs 324.5 million during the year, which was 69 percent more than what it issued in the previous fiscal year.
On the occasion, the company also announced a plan of extending branches in different parts of the country, providing SMS banking and ATM services in the near future.
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Tuesday, September 22, 2009
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