Jyoti Bikas Bank has reported a strong financial performance for the first nine months of the current fiscal year, with net profit rising to approximately Rs 629.4 million, compared to Rs 306.6 million in the same period last year—marking an increase of over 105%.

While interest income growth remained modest, the bank saw an improvement in overall operating income driven by higher fee and commission earnings. A significant decline in impairment charges—from around Rs 520 million to about Rs 110 million—played a key role in boosting profitability.

However, the bank’s non-performing loan (NPL) ratio rose from 4.98% to 7.83%, indicating some pressure on asset quality. Earnings per share (EPS) improved to over Rs 19, and net worth remained above Rs 163 per share.

Despite a strong capital position, distributable profit is still negative, which may limit dividend distribution in the short term. Deposit and loan growth remained balanced, though a relatively high loan-to-deposit ratio suggests the need for cautious liquidity management.