National Housing Bank (NHB) today posted 16 per cent jump in net profit at Rs 450 crore for 2012—13 as a net profit of Rs 387 crore in the previous fiscal, NHB Chairman and Managing Director R V Verma said.
Total interest income for the fiscal ended June 30, 2013 rose by 21 per cent to Rs 3,007.33 crore against Rs 2,478 crore in the previous year.
NHB follows July—June fiscal year.
The loans and advances of the bank increased by 22 per cent to Rs 34,603 crore from Rs 28,490 crore a year ago.
The bank’s total loan disbursements during the year were Rs 17,635 crore against Rs 14,454 crore, a 22 per cent rise.
Out of which, the share of rural housing was about 44 per cent, aggregating to Rs 7,718 crore, he added.
Capital adequacy ratio of the bank stood at 16.59 per cent while net interest income was 2.23 per cent at the end of June, 2013.