Kathmandu. Commercial banks have earned a net profit of Rs 55.79 billion in the first ten months of the current fiscal year.

The 27 operating commercial banks had earned a net profit of Rs 54.35 billion in mid-July last year. By mid-April of the current fiscal year, it has added 2.65 percent or Rs 1.44 billion, according to public data released by NRB.

Of the 27 commercial banks, profits of 16 banks increased from 67.63 percent to 7.72 percent. 

Prabhu Bank had earned a net profit of Rs 1.36 billion in mid-July last year. By mid-April of the current fiscal year, it has increased by 67.63 percent to Rs. 2.29 billion.