Repco Bank has posted 29 per cent growth in net profit at Rs 72.65 crore for the year ended March 31, 2012, against Rs 56.18 crore last year. Total business during the year grew to Rs 7,061 crore from Rs 5,242 crore, registering a 35 per cent growth.
According to a press release from the bank, the net non-performing asset was maintained at zero as in the previous year, and gross NPA stood at 1.62 per cent of total advances.
It said four new branches were opened during the year, taking the total network of branches to 76.
Besides, Repco Micro Small & Media Enterprises Co Ld, an MSME wing of Repco Bank, has posted a net profit of Rs 37 lakh for the year. The bank's micro credit portfolio stood at Rs 182.61 crore, and recovery is maintained at Rs 97.63 per cent, says the release.