Maharashtra based Kaijs Bank performed well on all the financial parameters in the 2023-24 FY, especially in the field of maintaining NPA levels. The business mix of the bank exceeded Rs 4,000 crore.
The gross NPA of the bank decreased from 9.58 percent (2022-23) to 8 percent as on 31st March 2024 whereas net NPA declined from 4.19 percent to 1.50 percent in the 2023-24 FY.
Besides, the business mix of the bank grew from Rs 3,894 crore to Rs 4,235 crore as on 31st March 2024. The deposits and loans and advances of the bank stood at Rs 2,550 crore and Rs 1,685 crore in the 2023-24 FY respectively.
The bank earned a gross profit of Rs 54 crore, which is highest in the history of the bank.
