KATHMANDU, Nov 23: Reliance Development Bank (RDB) has earned net profit of Rs 31.5 million in the first quarter of the Fiscal Year 2015/16. The bank had made profit of Rs 4 million in the first quarter of 2014/15.
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This is a rise 652 percent, according to the bank. The bank's deposit mobilization stood at Rs 7.18 billion and loan disbursement at Rs 5.5 billion at the end of first quarter. The bank operates with a network of 16 branch offices across the country.
